Marine Link
Friday, December 14, 2018

Baltic Index Falls on Weaker Demand for Larger Vessels

Maritime Activity Reports, Inc.

May 20, 2016

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday on weaker demand for larger vessel segments.
 
The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down nine points, or 1.42 percent, at 625 points.
 
The capesize index lost 36 points, or 3.97 percent, at 870 points.
 
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $397 to $6,981.
 
The panamax index was down three points, or 0.49 percent, at 614 points.
 
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, decreased $19 to $4,909.
 
Among smaller vessels, the supramax index rose four points to 562 points, while the handysize index rose one point to 343 points.

(Reporting by Nithin Prasad in Bengaluru)
Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News