- The Baltic index dipped 8 points, or 1.3%, to 617, the lowest level since March 17.
- The panamax index fell 33 points registering its 11th successive decline.
- The capesize index was up by 12 points, recording its seventh consecutive rise.
- The supramax index fell 9 points to 732.
Weaker panamax and supramax vessel demand dragged the Baltic Exchange’s main sea freight index hit an almost one-week low on Monday, reports Reuters.
Baltic index dip
The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dipped 8 points, or 1.3%, to 617. This is its lowest level since March 17.
Panamax Index
- The panamax index fell 33 points, or 4.1%, to 774, posting its 11th successive decline.
- Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased $291 to $6,968.
Capesize Index
- The capesize index was up by 12 points, at -109, recording its seventh consecutive rise.
- Average daily earnings for capesizes, which typically transport 170,000 tonnes-180,000 tonnes of cargoes, including iron ore and coal, was up $85 to $4,152.
Supramax Index
- The supramax index fell 9 points to 732.
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Source: Reuters
