rss icon Subscribe
desktop mobile

Baltic Index Slips to Near 4-Month Low

File Image: CREDIT "K" Line

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a near 4-month low on Friday as rates fell across vessel segments.

The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 34 points, or 1.96%, to 1,697, its lowest since July 3. The index posted its seventh weekly loss in eight.

The capesize index was down by 28 points, or 0.94% at 2,950 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell $281 to $24,637.

The panamax index dropped 30 points, or 1.94%,to 1,513, recording its eighth weekly fall in nine. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, dropped $238 to $12,142.

The supramax index fell 46 points to 1,045.

Reporting by Nakul Iyer and Shreyansi Singh

Nov 1, 2019

 

Contracts

Port of Aarhus Orders New Tug from Uzmar

(Photo: Uzmar)

The Port of Aarhus and UZMAR Shipyard connected May 29 via video conference to finalize a contract

Russian JV Orders Walk-to-work Icebreaker

(Image: Royal Niestern Sander)

After a tender procedure, Dutch shipyard Royal Niestern Sander and a joint-venture between

EPS Orders Gas Carrier Trio from Hyundai Mipo Dockyard

© ilkercelik / Adobe Stock

South Korean shipbuilder Hyundai Mipo Dockyard has secured an order for three medium sized gas

Ports

Most Ships Calling UK Ports Since Start of COVID Lockdown

© Peterjohn Chisholm / Adobe Stock

The number of ships arriving in British ports in late May rose to the highest since the start of

World's Largest Containership Makes Its First Call in Europe

HMM Algeciras made its first European stop in the Port of Rotterdam this week. (Photo: Port of Rotterdam)

The world's largest containership HMM Algeciras made its first European port call this week

Svitzer Awarded Contracts in Mozambique and Egypt

(Photo: Svitzer)

A pair of new contract wins is helping Maersk's towage services arm Svitzer strengthen operations

Maritime Apps