Baltic index Rise

Rise In Baltic Index On Strong Capesize

Credit: Jan-Rune Smenes Reite/Pexels
  • Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, increased $1,039 to $20,807.
  • Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, lost $62 to $13,450.
  • The challenging outlook for the world’s top steel producer weighed on the steel making ingredient’s benchmark price in Singapore.

The Baltic Exchange’s main sea...

https://mfame.guru/rise-in-baltic-index-on-strong-capesize/

High Panamax Rates Pushes Baltic Index Up By 14 Points

Baltic index edges higher as panamax, supramax rates increase, reports Yahoo Finance.

Second straight gain

The Baltic exchange’s main sea freight index extended gains for a second straight session on Tuesday, helped by firmer rates for the panamax and supramax segments.

Baltic gains

The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, increased by 14 points, or 0.4%, to 3,254.

Capesize Index

  • The capesize index fell by 41 points, or 0.8%,...

https://mfame.guru/high-panamax-rates-pushes-baltic-index-up-by-14-points/

Firm Capesize Demand Pushes Baltic Index 2-week High

Higher capesize rates lift Baltic index to 2-week high, reports Yahoo Finance.

Baltic Index high rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, advanced on Monday, supported by improved demand for capesize vessels.

The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 60 points, or 2.9%, at 2,145, its highest level since March 29.

Capesize Index

  • The capesize index jumped 249 points, or 8.6%, to a...

https://mfame.guru/firm-capesize-demand-pushes-baltic-index-2-week-high/

Firm Vessel Rates Push Baltic Index Up By 23 Points

The Baltic Exchange’s main sea freight index rose to 5-month peak, reports Yahoo Finance.

Firm vessel rates

The Baltic Exchange’s main sea freight index rose to its highest in more than five months on Monday, as rates across vessel segments strengthened.

Baltic dry index gain

The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 23 points, or 1.2%, to 1,983, its highest since Oct. 7, 2020.

Capesize index

The capesize index gained 37...

https://mfame.guru/firm-vessel-rates-push-baltic-index-up-by-23-points/

Baltic Index Snaps 4-session Losing Streak

The Baltic Exchange’s main sea freight index gained on Tuesday, reports Yahoo Finance.

Baltic index gain

The Baltic Exchange’s main sea freight index gained on Tuesday, snapping a four-session run of losses, helped by stronger rates in the capesize and panamax vessel segments.

The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 22 points, or 1.3%, to 1,673.

Capesize Index

The capesize index rose 57 points, or 4%, to 1,465,...

https://mfame.guru/baltic-index-snaps-4-session-losing-streak/

Firm Smaller Vessels Segments Push Baltic Index Up By 9.6%

  • The Baltic dry index gained 131 points, or 9.6%, to 1,495, a peak since Jan. 27.
  • The capesize index jumped 224 points.
  • The panamax index advanced 175 points.
  • The supramax index rose 30 points.

The Baltic Exchange’s main sea freight index surged to its highest since late January on Tuesday due to buoyant rates, reports Yahoo Finance.

Freight index surge

The Baltic Exchange’s main sea freight index surged to its highest since late January on Tuesday as forward-looking market sentiment lifted...

https://mfame.guru/firm-smaller-vessels-segments-push-baltic-index-up-by-9-6/

Baltic Exchange Hits Highest Index in Nearly 3 Months

Baltic Exchange’s main sea freight index jumped 11% on Friday as high Chinese coal demand drove up capesize rates, reports Baltic NewsDesk.

Coal demand and Capesize rates

The Baltic Exchange’s main sea freight index jumped about 11% to its highest in nearly three months on Friday as high Chinese coal demand drove up capesize rates.

The Baltic dry index leaped 158 points, or nearly 11%, to 1,606, its highest since Oct. 14, 2020.

The main index was up about 17.6% for the week, its highest jump since...

https://mfame.guru/baltic-exchange-hits-highest-index-in-nearly-3-months/

High Supramax Demand Push Baltic Index To 4-Week High

  • Baltic index at 4-week high on higher supramax demand.
  • The capesize index eased 2 points, or 0.1%, to 2,400.
  • The panamax index slipped 5 points, or 0.3%, to 1,819.
  • The supramax index rose 16 points, or 1.7%, to 943.

The Baltic Exchange’s main sea freight index hit its highest in four-weeks on Monday, as the supramax rates soared high, reports Yahoo News.

How did this happen?

The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax...

https://mfame.guru/high-supramax-rates-push-baltic-index-to-4-week-high/

Panamax Index Gain Pushed Baltic Index Up by 4 Points

  • Baltic index edges up on firm panamax, supramax rates.
  • The Baltic index edged up 4 points to 539, its highest since Jan. 27.
  • The capesize index slipped further by 20 points to -348, its lowest on record.
  • The panamax index rose 10 points, or 1.1%, to 915, registering its 18th straight session of gains.
  • The supramax index gained 15 points to 621.

The Baltic Exchange’s main sea freight index inched up on Monday as the strong demand for panamax and supramax vessels continue, reports Yahoo Finance.

F...

http://mfame.guru/panamax-index-gain-pushed-baltic-index-up-by-4-points/

Baltic Index Inches Up by 2 Points on High Panamax Rates

  • Baltic index rose for the eighth straight session to 508 points.
  • The capesize index fell 39 points to -278 points.
  • The panamax index climbed 19 points, or 2.3%, to 830 points.
  • The supramax index rose 18 points to 561.

The Baltic Exchange’s main sea freight index inched higher on Tuesday. This marks the eighth straight session gain, as higher rates for panamax and supramax vessels outweighed lower capesize rates, reports Yahoo Finance.

How Baltic Index marked gain
  • The Baltic index, which tracks...

http://mfame.guru/baltic-index-inches-up-by-2-points-on-high-panamax-rates/

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