rss icon Subscribe
desktop mobile

Baltic Index Up for Sixth Straight Session

File Image (CREDIT: AdobeStock / © Lucasz Z)

Posted by Joseph Keefe

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday for a sixth straight session as rates across vessel segments saw gains.
The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 55 points, or 4.1 percent, at 1,395 points, its highest in over three weeks.
The capesize index was also up a sixth straight session and gained 132 points, or 6.3 percent, at 2,220 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, were up $994 to $18,134.
The panamax index was up 54 points, or 4.2 percent, at 1,344 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $425 to $10,806.

The supramax index rose seven points to 1,072 points.

Reporting by Nithin Prasad

Jun 7, 2018

 

Bulk Carriers

Diana Shipping TC Contract for M/V Coronis

Coronis. Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a

Blockchain Benefits Still Murky for Most Commodities Trading

© Riza / Adobe Stock

Commodity firms and banks have been diving into blockchain pilot schemes over the last two years

Another Ship Carrying US Soybeans Enters Dalian Port

© Benjamin Marfil / MarineTraffic.com

A vessel carrying U.S. soybeans entered China's port of Dalian after sitting off coast since July

Contracts

Diana Shipping TC Contract for M/V Coronis

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CJ International Italy Societa Per Azioni for one of

DFDS Orders New Freight Ferry

(Image: Knud E. Hansen / DFDS)

DFDS has exercised an option to order an additional freight ferry (ro-ro) newbuilding from the

Yang Ming Orders Ten 2,800 TEU Containerships

File Image: Yang Ming Marine Trans

Yang Ming Marine Transport Corp. (Yang Ming) signed a contract with CSBC CORPORATION

Maritime Apps