Baltic index falls on softer panamax demand

news-details

The Baltic Exchange’s main sea freight index dipped on Tuesday, weighed down by a fall in rates for panamax vessels, which registered its seventh straight day of decline.

The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 11 points, or 1.8%, to 612

The panamax index dropped 40 points, or 4.1%, to 930.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes-70,000 tonnes, fell $365 to $8,367.

The capesize index inched up by 4 points to a three-week high of -289 – its highest since Feb. 25.

Average daily earnings for capesizes, which typically transport 170,000 tonnes-180,000 tonnes cargoes including iron ore and coal, rose by $5 to $2,800.

The supramax index was unchanged at 754.
Source: Reuters

You can share this post!

Related News

Comments

Leave Comments


instagram takipçi satın almak

Tik tok izlenme satın al

instagram takipçi satın almak mı istiyorsunuz ozaman sizlere türkiyenin en güvenilir sitesi olan instagramtakipz.com sitesini öneriyoruz iyi alışverişler diliyoruz.