October 31, 2019 / 2:11 PM / 17 days ago

Baltic index falls on softer capesize demand

Oct 31 (Reuters) - The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Thursday, weighed down by lower demand for capesize vessels.

* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 51 points, or 2.9%, to 1,731.

* The capesize index was down by 100 points, or 3.2% to 2,978 points, its lowest in a week.

* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell by $766 to $24,918.

* The panamax index dropped for the thirteenth straight session, falling 31 points, or 2.0%, to 1,543.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell $254 to $12,380.

* The supramax index declined by 36 points to 1,091. (Reporting by Shreyansi Singh in Bengaluru;)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below