Baltic index logs worst day in a week as capesize rates fall

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, recorded its biggest daily fall in a week on Wednesday, hurt by lower rates in the capesize segment.
The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 29 points, or 1.9%, at 1,487 points, snapped its three-session gaining streak.
The capesize index lost 108 points, or 4.6%, at 2,263 points, snapped its five-session winning streak.
Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $892 to $18,771.
Most ferrous metals and material futures rose on Wednesday, in tandem with Chinese equities, after Beijing signalled that authorities were ramping up efforts to support sagging markets.
The panamax index was up 17 points, or 1.2%, to 1,445 points.
Average daily earning for panamax vessels, which usually carries about 60,000 tons to 70,000 tons of coal or grain cargo, was up by $155 at $13,006.
War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen’s Houthis, sources said.
Among smaller vessels, the supramax index gained 6 points at 1,047 points.
Source: Reuters reported by Anushree Mukherjee in Bengaluru and edited by Shweta Agarwal
Related News.
November 10, 2026
RINA’s Hellenic Technical Committee puts energy-efficient newbuilding design and AI in focus
Project Mermaid, battery integration and practical AI applications highlight opportunities for more efficient ship design and fleet operations…
November 10, 2026
From mine to market – NORDEN connects Comilog’s manganese ore with global markets
NORDEN’s dedicated transhipment operation in Gabon, run under a long term contract with long-standing customer Comilog, has loaded more than 54…
November 10, 2026
Oldendorff reflags two capesize vessels to Germany
Oldendorff Carriers is reflagging two of its Capesize bulk carriers to Germany, underlining the company’s long standing ties to the country and its…
November 10, 2026
AskChief surpasses 100-vessel milestone in under a year and opens its specialised maritime AI to the wider market
Putting each company’s own knowledge to work for maritime Technical and HSQE teams. AskChief, Specialised AI for maritime Technical and HSQE…
November 10, 2026
Dalian Maritime University’s Yu Jiajia receive 2027 IMO Gender Equality Award
From the bridge to the classroom, Ms Yu has helped build a more inclusive maritime sector in China, serving as a role model for the global maritime…
November 10, 2026
“K” LINE releases video update on forecasts for FY2026 and progress of the medium-term management plan
Kawasaki Kisen Kaisha, has released a video on its official website explaining its forecasts for FY2026 and progress of its Medium-Term Management…
November 10, 2026
MOL and MOL CAREER sign 3-way deal with Nagasaki Prefecture to promote recruitment and retention of foreign workers
Mitsui O.S.K. Lines, and MOL CAREER, have entered into a tripartite partnership agreement with Nagasaki Prefecture to promote the revitalization of…
November 10, 2026
Hapag-Lloyd completes acquisition of 25% stake in APM Terminals Maasvlakte II
Transaction successfully completed following antitrust approval Investment strengthens Hapag-Lloyd’s terminal portfolio and position in Rotterdam…
November 10, 2026
11th chainPORT annual meeting at Tanger Med Focuses on scaling AI in ports
Representatives from leading ports around the world gathered in Tangier, Morocco, on 29 and 30 October for the 11th chainPORT Annual Meeting, hosted…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved





















…

