Baltic Index

Panamax Gain Overshadows Capesize Loss As Baltic Index Remains in Recovery Path

The Baltic Exchange’s main sea freight index remained flat on Thursday. The higher panamax vessels rates offset weaker rates for other vessel categories, reports Reuters.

How Baltic index remained unchanged
  • The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, was unchanged at 421.
  • The main index slid to a near 4-year low of 411 earlier this week.

Capesize

  • The capesize index fell 25 points to negative 284.
  • Average daily earnings for...

http://mfame.guru/panamax-gain-overshadows-capesize-loss-as-baltic-index-remains-in-recovery-path/

Lower Vessel Rates Drag the Baltic Index To 4 Year Low!

According to a Reuters report, the Baltic Exchange’s main sea freight index fell to its lowest level since April 2016, dragged down by lower vessel rates across categories.

Latest Developments
  • The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 11 points, or 2.0%, to 546 — its lowest in over 3 years.
  • The capesize index fell 30 points, or 18.2%, to 135.
  • The index registered its 32nd consecutive session of losses, touching its...

http://mfame.guru/lower-vessel-rates-drag-the-baltic-index-to-4-year-low/

Baltic index falls due to lower vessel rates

According to Reuters, the Baltic Exchange’s main sea freight index showed a decrease, as continued reaching its lowest level since April 2016, impacted by weaker vessels rates across categories.

For the records, the tracks rates concerning capesize, panamax and supramax vessels ferrying dry bulk commodities dropped by 11 points, or 2.0%, to 546 , meaning at its lowest during the last three years.

Specifically:

  • The capesize index decreased by 30 points, meaning 18.2%, to 135. The index registered...

https://safety4sea.com/baltic-index-falls-due-to-lower-vessel-rates/

Baltic Index Slips To A 9-month Low As Vessel Demand Decreases

According to an article published in Reuters, the Baltic Exchange’s main sea freight index declined to its lowest in nine months this week, weighed down by shrinking demand across all vessel categories.

Key highlights
  • The Baltic index, which tracks rates for Capesize, Panamax and Supramax vessels that ferry dry bulk commodities, decreased 9 points, or 1.2%, to 765 points.
  • The Baltic index has fallen for 22 out of the previous 23 sessions, declining to its lowest since mid-April.
  • The Capesize...

http://mfame.guru/baltic-index-slips-to-a-9-month-low-as-vessel-demand-decreases/

Baltic Index Touches 1,568, Up by 40 Points

The Baltic Exchange’s main sea freight index rose for a seventh consecutive session, with growing demand for ships across vessel segments.

  • The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 40 points, or 2.6%, to 1,568 points, its highest since Nov. 5.
  • The capesize index rose 100 points, or 3.2%, to its highest since mid-Oct at 3,231 points.
  • Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne...

http://mfame.guru/baltic-index-touches-1568-up-by-40-points/

Baltic Index Records 4-1/2 Months High in Capesize Rates

According to an article published in Reuters, the Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, recorded its biggest daily percentage jump.

This jump in percentage comes in more than four-and-a-half months, buoyed by a surge in Capesize rates.

Key highlights from the report
  • The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, climbed 67 points, or 5.2%, to 1,351 points.
  • The index...

http://mfame.guru/baltic-index-records-4-1-2-months-high-in-capesize-rates/

Baltic Index declines due to lower capesize demand

According to Reuters, the Baltic Exchange’s main sea freight index showed a decrease on ships transferring dry bulk commodities because of the lower demand for capesize vessels.

Specifically, the Baltic Index which shows the rates for capesize, panamax and supramax vessels experienced a decline by 51 points, equal to 2.9%, to 1,731.

Moreover, the capesize index was down by 100 points, or 3.2% to 2,978 points, its lowest in a week.

In the meantime, the average, daily earning for capesize vessels’s...

https://safety4sea.com/baltic-index-declines-due-to-lower-capesize-demand/

Baltic Index Sag As Vessel Demand Dwindle

Waning demand across vessels drags Baltic index to over a 2-week low for a ninth straight session, reports Reuters.

Weaker vessel demand

The Baltic Exchange’s main sea freight index fell for a ninth straight session on Wednesday to a two-week low, hurt by weaker demand across vessel segments.

  • The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 27 points, or 1.5%, to 1,779, its lowest in over two weeks.
  • The capesize index slipped 71 points, or 2.4%, to 2,873,...

http://mfame.guru/baltic-index-sag-as-vessel-demand-dwindle/

Baltic Index Ascend To 1,770, Up by 3 Points

The Baltic Exchange’s main sea freight index edged higher on Monday, as a rise in panamax vessel demand offset declines in both the capesize and supramax segments, reports Reuters.

  • The Baltic index, which tracks rates for ships carrying dry bulk commodities, was up 3 points, or 0.17%, at 1,770, rising for a second straight session.
  • The panamax index rose 17 points, or 0.98%, to 1,748.
  • Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to...

http://mfame.guru/baltic-index-ascend-to-1770-up-by-3-points/

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