Supply Chain Council of European Union | Scceu.org
Transportation

Baltic index rises on robust vessel demand

Aug 12 (Reuters) – The Baltic Exchange’s main sea freight index gained on Wednesday, as vessel demand across segments rose.

* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 30 points, or 2%, at 1,540, its highest since July 21.

* The Baltic capesize index rose 16 points, or 0.7%, to 2,332.

* Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, were up $135 at $19,339.

* The panamax index gained 76 points, or 4.6%, to 1,747, its highest since Oct. 24.

* The index posted gains for an 11th straight session.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $682 to $15,723.

* The supramax index edged up 14 points to 893. (Reporting by Shreyansi Singh in Bengaluru; Editing by Vinay Dwivedi)

Related posts

Maersk keeps down costs with uncertain container traffic outlook

scceu

Singapore Maritime Foundation Partners Pacific Carriers Limited and Pacific International Lines to Enhance Attractiveness of Maritime Jobs through Job Redesign Pilot

scceu

Freight Forwarding Software Market Size and Forecast (2020-2027)

scceu