rss icon Subscribe
desktop mobile

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 larger capesize vessels.
The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 7 points, or 0.61 percent, at 1,143 points. It fell for the fifth straight session to its lowest since Feb. 20.
For the week, the index fell nearly 5 percent, registering its biggest weekly fall since the week ending Feb. 2.
The capesize index lost 35 points, or 2.83 percent, at 1,203 points.
The capesize index plunged about 19 percent this week, registering its biggest weekly drop in two months.
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $269 to $9,600.
The panamax index was down 1 point, or 0.06 percent, at 1,618 points.
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, was down $2 to $12,993.
The supramax index rose 14 points to 1,091 points.

(Reporting by Swati Verma in Bengaluru)

Mar 16, 2018


Bulk Carriers

Protests at Santos Port Impacting Flow of Goods

Protests by truckers in Brazil demanding a reduction in diesel prices have impacted the flow of goods at Santos, Latin America's largest port, the port administration said on

Baltic Index Down for Fifth Straight Session

© hdcphoto / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk

US Exports to China to Rise amid Trade Talks, but Volumes are Capped

© donvictori0 / Adobe Stock

China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid


Baltic Index Down for Fifth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth-straight session on Monday as capesize vessel rates

PAO Sovcomflot: Tanker Market is Challenging

Photo: PAO Sovcomflot

PAO Sovcomflot (SCF Group) continued to increase the share of its fleet serving long-term energy

Federal Funding for Port of Vancouver

Photo: Vancouver Fraser Port Authority

The Vancouver Fraser Port Authority received federal funding for projects that will improve the

Maritime Apps