Baltic Index

Baltic Index Reels Under Low Capesize Rates, Falls for the 8th Straight Session

According to a Reuters report, the Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, stretched its losing streak to an eighth straight session on Monday, hurt by lower rates for Capesize vessels.

How did it happen?
  • The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 1 point to 2,311 points. The index has fallen for eight straight sessions.
  • The capesize index dropped 9 points, or 0.2%, to 4,538 points.
  •  Average...

http://mfame.guru/baltic-index-reels-under-low-capesize-rates-falls-for-the-8th-straight-session/

Weekly Bulk Report – Week 37, 2019

The Baltic Briefing has issued its latest dry bulk market report. The report dated 13th September 2019 deals with the market scenario of capesize vessels, panamax, supramax, ultramax and other vessels for the 37th week of this year.

Capesize

Overall it was a negative week for the Capesize market, with many routes losing ground. A limited amount of timecharter appeared, with most activity seemingly centred on voyage basis. However, a 176,000dwt vessel was rumoured fixed delivery China,...

http://mfame.guru/weekly-bulk-report-week-37-2019/

Baltic Index Dips As Panamax Rates Slide

According to an article published in MarineLink, the Baltic Exchange’s main sea freight index fell to a more than two-week low.

Weaker rates for Panamax vessels
  • The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 0.8%, or 15 points, to 1,922 points, its lowest since July 12.
  • Nevertheless, the Capesize index rose 13 points, or 0.4%, to 3,660 points.
  • Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore...

http://mfame.guru/baltic-index-dips-as-panamax-rates-slide/

August Baltic Index Hits 2-week Peak on Strong capesize, Panamax Rates

Propelled by strong demand across capesize and panamax vessel segments, the Baltic Exchange’s main sea freight index climbed to a near two-week high, reports Reuters.

  • The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 90 points, or 5.1%, to 1,864 points, a high since July 31.
  • The capesize index added 188 points, or 5.8%, to 3,454 points, its highest in more than a week.
  • Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne...

http://mfame.guru/baltic-index-hits-2-week-peak-on-strong-capesize-panamax-rates/

What Caused a Fall in Baltic index ?

  • Baltic Exchange’s main sea freight index fell low weak demand for panamax and supramax vessels.
  • The capesize index rose 4 points, or 0.1%, to 3,664 points.
  • The panamax index fell 81 points, or nearly 4%, to 1969 points.
  • The supramax index fell 8 points to 988 points.

The Baltic Exchange’s main sea freight index fell for a sixth straight session to a more than two-week low on Tuesday following weak demand for panamax and supramax vessels, reports Reuters.

Baltic index

The Baltic index, which...

http://mfame.guru/what-caused-a-fall-in-baltic-index/

Baltic Index Hits Five and Half Year High!

According to an article published in Reuters, the Baltic Exchange’s main sea freight index rose to its highest since December 2013.

Demand for vessels shipping iron ore
  • This demand has been driven by demand for vessels shipping iron ore in the Atlantic, pushing Capesize and Panamax indices to multi-year highs.
  • The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 3.2%, or 66 points, to 2,130, its highest since mid-December, 2013. The index has surged about 68% so far...

http://mfame.guru/baltic-index-hits-five-and-half-year-high/

Baltic Index Breaks Its 16 Session Winning Streak

The Baltic Exchange’s main sea freight index took a break on Monday after rising for 16 straight sessions, as rates for capesize vessels fell after a strong run over the past couple of weeks, reports Reuters.

  • The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 0.9%, or 15 points, to 1,725. 
  • The index rose 28 percent to post its best week in nearly five years last week, mainly driven by strong demand for vessels that ship iron ore from Brazil.
  • The capesize index...

http://mfame.guru/baltic-index-breaks-its-16-session-winning-streak/

Weekly Tanker Report – Week 24, 2019

The Baltic Briefing has released the tanker report of week 24 of this year, 2019. The report dated 14th June, 2019 clearly articulates the freight rates and the market scenario of this week pertaining to tanker activities. Here’s an excerpt from that report.

VLCC
  • Rates remain unmoved this week, with 270,000mt Middle East Gulf to China at WS 38 and Middle East Gulf to US Gulf discharge still being assessed for 280,000mt at WS 17-18 level basis Cape to Cape.
  • As a result of Thursday morning’s...

http://mfame.guru/weekly-tanker-report-week-24-2019/

Baltic Index Dips 46% Marking Its Biggest Quarterly Slump in Three Years

  • The Baltic index, was down 0.4%, at 689 points and has fallen about 46% marking its biggest quarterly decline in three years.
  • The capesize index dropped 17 points, to 150 points, an all-time low to a record low on weak demand from top miners Brazil and Australia.
  • Average daily capesize earnings, which typically transport 170,000 tonne-180,000 tonne cargoes of iron ore and coal, fell $76 to $3,796.
  • Capesize index has lost nearly 1,600 points since the mine disaster in Brazil and shed more than...

http://mfame.guru/baltic-index-dips-46-marking-its-biggest-quarterly-slump-in-three-years/

Baltic Index Council: Index vessels should not be scrubber-fitted

On 27 March, the Baltic Index Council (BIC) announced its decision on the implications of the IMO 2020 Sulphur Cap for the Baltic Exchange’s timecharter indices. Namely, the Baltic will be adding clarificatory wording to its Capesize, Panamax, Supramax and Handysize vessel descriptions to confirm that the index vessels are not scrubber-fitted. The clarified vessel descriptions will enter into force from 1 April 2019.

The process to consider the possibility of changing the Baltic Exchange indices...

https://safety4sea.com/baltic-index-council-index-vessels-should-not-be-scrubber-fitted/

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