The Baltic Exchange’s main sea freight index drifted lower on Thursday, slipping from 5-month high, reports Yahoo Finance.
Baltic index drift
The Baltic Exchange’s main sea freight index drifted lower on Thursday, having gained in the last seven sessions to hit a high since October, as rates eased for the capesize and panamax vessel segments.
The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, slipped by 10 points, or 0.5%, to 1,970, from a five-month high touched in the previous session.
Capesize Index
- The capesize index fell 65 points, or 3%, to 2,092.
- Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $536 to $17,353.
Panamax Index
- The panamax index edged lower by a point to 2,217 points.
- Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell $6 to $19,956.
Supramax Index
- The supramax index rose 34 points to 2,051.
- Highest since at least April 2017, according to Refinitiv Eikon data.
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Source : Yahoo Finance
