rss icon Subscribe
desktop mobile

Baltic Index Falls for Eighth Straight Session

© Aleksey Stemmer / Adobe Stock

by Shreyansi Singh

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for an eighth straight session on Thursday, weighed down by easing demand across vessel segments.

* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 105 points, or 6.8%, to 1,428, its lowest in more than four months.

* The capesize index slumped 209 points, or 7.6%, to 2,517, its lowest since June 28.

* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell $1,887 to $20,330.

* The panamax index dropped 45 points, or 3.2%, to 1,340, extending its losing streak to an eighteenth straight session.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell $361 to $10,764.

* The supramax index shed 61 points to 865.

(Reporting by Shreyansi Singh in Bengaluru)




Nov 7, 2019

 

Bulk Carriers

Baltic Index Snaps Streak of 7 Consecutive Weekly Gains

© momentscatcher / Adobe Stock

The Baltic Exchange's main sea freight index was unchanged on Friday, as gains in panamax and

Baltic Index Snaps 4-week Winning Streak

© Faraways / Adobe Stock

The Baltic Exchange's main sea freight index inched down on Tuesday, snapping a 27-session winning

Seanergy Picks Up Capesize Bulker

(Photo: Seanergy)

Seanergy Maritime Holdings Corp. announced Tuesday it has entered into an agreement with an

Logistics

Maersk Acquires Customs Broker KGH

© aapsky / Adobe Stock

Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.

CMA CGM to Impose Emergency Surcharge at Cape Town Port

© Tupungato / Adobe Stock

CMA CGM, the world's fourth-largest container shipping line, will impose emergency congestion

DP World Completes Integration of Unifeeder and Feedertech

(Photo: DP World)

DP World announce Tuesday it has finished integrating its recent acquisitions Unifeeder and

Maritime Apps