rss icon Subscribe
desktop mobile

Smaller Tonnage Buoys Baltic Index

File Image: a handy sized bulk carrier (FedNav)

Posted by Joseph Keefe

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, tracking gains across panamax and smaller vessel segments.

The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 12 points, or 1.33 percent, at 912 points.
The capesize index was flat at 933 points.
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $62 to $7,780.
The panamax index was up 29 points, or 2.47 percent, at 1,202 points.
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $237 to $9,635.

Among smaller vessels, the supramax index was up seven points at 776, while the handysize index rose three points to 489 points. (Reporting by Apeksha Nair

Jul 17, 2017

 

Bulk Carrier Trends

Chembulk Tankers Issues USD 200mln Bond

Image: Chembulk Maritime World

Chembulk Tankers announced that one of its wholly owned subsidiaries, Chembulk Holding LLC

Capesize Rates Post Biggest Weekly Drop in 2 Years

File photo: © HHM / Dietmar Hasenpusch

The Baltic Exchange's main sea freight index fell on Friday and continued to linger around five

NTSB Issues Report on 2016 Columbia River Bulker Grounding

Nenita, a 378-foot Marshall Islands-flagged bulk carrier laden with grain, ran aground in the Columbia River near Skamokawa, Wash., November 19, 2016. (U.S. Coast Guard photo courtesy of Sector Columbia River)

The National Transportation Safety Board (NTSB) issued a report on its investigation into the

Contracts

Golar LNG Bags New Long-term FSRU Contract

Photo:  Golar LNG

Golar LNG Partners announced that it has executed a 15-year charter with an energy and logistics

Gas Natural Fenosa, Baleària Sign LNG Bunkering Deal

Photo: Baleària

Spanish liquefied natural gas (LNG) operator Gas Natural Fenosa signed an exclusive 10-year LNG

U.S.-bound LNG Tanker with Russian LNG Diverted

File Image: A typical LNG Carrier at Sea (CREDIT: QGTC)

A liquefied natural gas (LNG) tanker probably carrying some supply from a Russian export project

Maritime Apps