By Anjishnu Mondal Jan 30 (Reuters) - The capesize component of the Baltic sea freight index plunged to an all-time low on Thursday, hurt by high fuel costs owed to new shipping regulations and a seasonal slowdown worsened by a coronavirus outbreak. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 27 … [Read more...]
Baltic Dry Index Falls to Over 3-Year Low
Jan 27 (Reuters) - The Baltic Exchange's main sea freight index fell to its lowest level since April 2016, dragged down by lower vessels rates across categories. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 11 points, or 2.0%, to 546 — its lowest in over 3 years. * The capesize index fell 30 … [Read more...]
Baltic Dry Index at 5 1/2-Year High
Aug 28 (Reuters) - The Baltic Exchange's main sea freight index rose to its highest since December 2013 on Wednesday, pushed by strong demand across all vessel categories, with the panamax index hitting an eight-year high. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 54 points, or 2.4%, to 2,267, a peak since December 2013. * The … [Read more...]
Baltic Index Nudges Up, but Posts Third Weekly Fall
Aug 9 (Reuters) - The Baltic Exchange's main sea freight index rose on Friday, buoyed by an uptick in demand across all vessel segments, but still posted its third straight week of losses. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 28 points, or 1.6%, to 1,748 points. * The index on Thursday broke a 12-session losing streak, but … [Read more...]
Baltic Dry Index Falls for Eighth Session
Aug 1 (Reuters) - The Baltic Exchange's main sea freight index fell for an eighth straight session on Thursday, as increased vessel supply and easing demand for shipping iron ore dragged down capesize rates, while soft South American orders hurt panamaxes. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 3%, or 56 points, to 1,812 … [Read more...]