rss icon Subscribe
desktop mobile

Baltic Index Down on Lower Capesize, Panamax Rates

File Image: AdobeStock / © lidian Neeleman

The Baltic Exchange's main sea freight index fell for the second straight session on Tuesday, hurt by softer demand for the capesize and panamax vessel segments.

The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 0.4%, or 8 points, to 2,059 points.

The capesize index slipped 63 points, or 1.7%, to 3,665 points. Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal, fell $290 to $28,591.

The panamax index eased 13 points, or 0.6%, to 2,161 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased $103 to $17,299.

The supramax index rose 20 points to 1,161 points.

Reporting by Shreyansi Singh

Aug 20, 2019

 

Contracts

Port of Cape Town Orders Workboat Pair

Photo: TNPA

Transnet National Ports Authority (TNPA) will secure two new workboats by 2022 to boost marine

Chinese Shipbuilder Orders TMC Compressors

Photo: Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)

Chinese  heavy-duty equipment manufacturer Shanghai Zhenhua Heavy Industries (ZPMC) has contracted

Homeland Orders Security/Crew Vessels

(Photo: Homeland IOS)

Nigeria-based Homeland Integrated Offshore Services LTD (Homeland IOS) said it has placed an order

Ports

Port of Cape Town Orders Workboat Pair

Transnet National Ports Authority (TNPA) will secure two new workboats by 2022 to boost marine operations at the Port of Cape Town and ensure it is recognized internationally for

Port Nelson Reports Continued Steady Growth

Image: Port Nelson

New Zealand Port Nelson said that continued growth in cargo volume has contributed to the port's

Arab Coalition Says Foiled Houthi Attack in Red Sea

The Saudi-led coalition intercepted and destroyed an explosives-laden boat launched by the Iran-aligned Houthi movement from Yemen's main port of Hodeidah

Maritime Apps