Baltic Index Gains for a Third Week

Home Community Industry News Baltic Index Gains for a Third Week

  • This topic is empty.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • #5270
    Greensea Systems
    Keymaster

    The Baltic Exchange’s main sea freight index gained for a third straight week on Friday, as rates for the larger capesize and panamax vessel segments rose.

    The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 66 points, or 3%, to 2,281, its highest since September 2019.

    The main index rose over 16% this week.

    The panamax index advanced 153 points, or 5.4%, to 2,975, its highest since September 2010. The index was up over 32% for the week, its best weekly gain since week ended June 19, 2020.

    Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,00 tonnes, rose $1,373 to $26,773.

    Read more by visiting MarineLink.com

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.

Greensea Systems, Inc.

10 East Main Street :: PO Box 959 :: Richmond, VT 05477 :: USA
802.434.6080 :: info@greensea.com
www.greensea.com

Subscribe to our Briefing for News, Updates, and Product Enhancements

Subscribe to our Briefing for News, Updates, and Product Enhancements





    Holler Box