Home NewsMaritime Baltic index rises with strong vessel rates

Baltic index rises with strong vessel rates

by Bunkerist
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The maritime freight index of the Baltic Stock Exchange rose on Thursday at the 25th session, increasing demand for all ship segments.

* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose  1,823, its highest since Oct. 17.

* The index has increased by 67.2% so far this year. This has increased due to the easing of coronavirus-induced deadlocks in industrial operations and the recovery in iron ore demand from China.

* Baltic capesize index increased by 31 points.

* However, the average daily earnings of capesize ships carrying dry cargo such as iron ore and coal with a cargo capacity of 170,000 tons to 180,000 tons increased.

* Panamax index increased by 2 points.

* The average daily earnings for panamaxes carrying a load of coal or grain from about 60,000 tons to 70,000 tons have risen.

* Supramax index increased by 7 points.

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