rss icon Subscribe
desktop mobile

Stronger Demand Bolsters Baltic Index

File Image (CREDIT: K Line)

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Wednesday, helped by stronger demand across all vessel segments.

The Baltic index, which tracks rates for capesize, panamax and supramax vessels, rose 14 points, or nearly 1%, to 1,440 points, after registering its biggest one-day percentage gain in four-and-a-half months on Tuesday. The capesize index jumped 30 points, or 1%, to 2,983.

Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, rose $193 to $22,465. The panamax index inched up by 10 points to 1,121.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $79 to $9,002. The supramax index rose 13 points to 796.

Reporting by Anjishnu Mondal

Nov 27, 2019



Great Lakes Announces $60.9 Million in Dredging Contracts

(Photo: Great Lakes Dredge & Dock Corporation)

Great Lakes Dredge & Dock Corporation on Monday announced the receipt of several major dredging

BMT Bags Deal from CMAL for New Gourock Ferry Concept Design

Gourock pier drone picture. Photo supplied by and courtesy of CMAL

Caledonian Maritime Assets Limited (CMAL) awarded a contract to BMT to provide consultancy

Schottel Invests in New Crane System for Wismar Manufacturing Facility

Installation of the new crane system at the SchottelGmbH Wismar subsidiary. The investment in the facility amounts to 500,000 euro, ensuring a faster and more efficient production process. Photo Courtesy Schottel

SchottelGmbH Wismar has invested neary $615,000 in a new crane system, a system designed to

bulk shipping

BIMCO: China Cements Top Position in the Bulk Market

© tsuguliev/AdobeStock

The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry

BIMCO: "Soya bean bonanza," U.S. Exports Strongest in History

Copyright Matyas Rehak/AdobeStock

Following years of disruption to US soya bean exports due to the US-China trade war

Globus Maritime Buys Kamsarmax Vessel

While neither Scorpio, nor Global explicitly confirmed the deal for the SBI Conga, they've shared enough details to come to the conclusion that Global bought the vessel from Scorpio  - Credit: M.L. Jacobs/

Dry bulk shipping company Globus Maritime has agreed to buy a 2015-built Kamsarmax vessel built by

Maritime Apps