The main sea freight freight index of the Baltic Stock Exchange dropped on Thursday, declining capesize ship prices offset gains in the panamax and supramax index.
The Baltic dry cargo index, which follows the rates of dry cargo ships and is based on capesize, panamax and supramax ships, dropped 39 points to 1.810.
The Baltic capesize index fell 184 points to 3,386.
The average daily earnings have dropped to $ 28,081 for capesizers, which usually carry 170,000 tons to 180,000 tons of cargo, including iron ore and coal.
However, the increase in iron ore demand from China after the pandemic deadlocks affecting the global economy has helped this year’s capesize index gain over 73%.
The Panamax index rose 40 points to 1.557.
The average daily earnings for panamaxes, which usually carry about 60,000 tons to 70,000 tons of coal or grain, have risen to $ 14,011.
Supramax index increased by 36 points to 809.