rss icon Subscribe
desktop mobile

Baltic Index Inches Up

© papa1266 / Adobe Stock

Posted by Michelle Howard

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up on Friday on firm rates for panamax and supramax vessels.
  • The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 4 points, or 0.33 percent, at 1,201 points.
  • The Baltic index, however, posted its first weekly fall in three weeks, falling 0.5 percent.
  • The panamax index was up 25 points, or 1.57 percent, at 1,615 points, its highest since Dec. 18.
  • Panamax index gained for the fourth straight week, up 7.7 percent.
  • Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $197 to $12,960.
  • The supramax index rose for the 18th straight session, up 6 points, or 0.58 percent, at 1,032 points.
  • The capesize index fell to its lowest in a month, down 10 points, or 0.67 percent, at 1,479 points.
  • For the week, the capesize index was down about 7 percent.
  • Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $115 to $11,554.
Reporting by Swati Verma in Bengaluru

Mar 12, 2018


Bulk Carrier Trends

Star Bulk, Eco Marine Commence Renewable Energy Study

M/V Leviathan. Picture Credit: Star Bulk

As part of its continued focus on bringing renewable energy solutions to shipping

Mitsui Delivers Bulker to Ostria Marine

M.V. CHRISTINA Photo Mitsui Engineering & Shipbuilding

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 66,000 dwt type bulk

Baltic Index Slips to Three-week Low

(Photo: Eric Haun)

The Baltic Exchange's main sea freight index fell to over three-week low due to sagging demand for


DP World, Tata Group Mull Cooperation Opportunities

Photo: Government of Dubai Media Office (GDMO)

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior

ZIM Upgrades ZCP, Rolls-out CFX Service

Photo: ​ZIM Integrated Shipping Services Ltd

The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) upgrades ZIM

Acta Marine’s Newbuild Completes Sea Trials

Acta-Auriga-on-sea-trial Photo Ulstein Group

The SOV W2W vessel Acta Auriga, currently under construction at Ulstein Verft, Norway for owner

Maritime Apps