rss icon Subscribe
desktop mobile

Baltic Index Rises on Higher Large Vessel Rates

File Image (CREDIT: AdobeStock) / © Lidian Neeleman)

Posted by Joseph Keefe

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a second day this week on Wednesday, helped by higher rates across capesize and panamax vessel segments.
The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 14 points, or 1 percent, at 1,404 points.
The capesize index gained 23 points, or 1.1 percent, to 2,091 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, rose by $239 to $17,334.
The panamax index gained 14 points, or about 1 percent, to 1,488 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $116 to $11,948.

The supramax index rose four points to 1,088 points.

Reporting by Apeksha Nair

Jun 13, 2018

 

Bulk Carriers

Cargill Aims to Cut Ship Emissions 15% by 2020

© Lidian Neeleman / Adobe Stock

Cargill Inc aims to cut carbon emissions from its international shipping unit by as much as 15

Australia's Port Kembla Reopens after Bulker Fire

(Photo courtesy Photo: Fire and Rescue NSW)

A fire in the hold of a bulker ship on Monday briefly closed Australia's Port Kembla

Noble Group Sells Kamsarmax Dry Bulker to Aeolian Spirit Shipping

Image: Noble Group

The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping

Contracts

GasLog Partners Signs New Charter Agreement with Cheniere Energy

Photo: GasLog Partners

GasLog Partners announced that it has entered into a new multi-year time charter for the GasLog

GTT Bags Contract for LNG Carrier Tank Design

French engineering from GTT said it has received an order from South Korean shipyard Hyundai Heavy Industries to design the tanks of a new 174,000 cbm liquefied natural gas (LNG)

ABB Power and Automation for New Indian Ferries

Rendering of the new 1,200-passenger ferry to be built at Cochin Shipyard in India (Image: ABB)

ABB said it has signed a contract with India’s largest shipbuilding and maintenance facility

Maritime Apps