Baltic index dips on weaker capesize rates
The Baltic Exchange’s dry bulk sea freight index slipped on Monday as lower capesize rates offset gains in smaller vessel segments.
The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 37 points, or 1.9%, to 1,882 points. The index was down for the first time in 9 sessions.
The capesize index shed 137 points, or 4.8%, to 2,702, marking its lowest level in nearly a week.
Average daily earnings for capesize vessels, which typically transports 150,000-ton cargoes such as iron ore and coal, decreased by $1,133 to $22,410.
Iron ore futures prices ticked lower, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week.
The panamax index edged up by 12 points, or 0.6%, at 1,928 points, near a one-month peak.
Average daily earnings for panamax vessels, which usually carries about 60,000-70,000 tons of coal or grain cargo, gained $102 to $17,348.
Among smaller vessels, the supramax index was up by 16 points, or 1.2%, to 1,410 points.
Source:BALTIC
Related News.
Beyond Compliance to Uninterrupted Operations: Delia Shipping’s Konstantinos Stais on Maritime Cyber Resilience, LEO Expansion, and AI Governance
As the global maritime industry navigates an era of intense digital acceleration, the traditional boundaries separating shipboard operational…
Chinese AI quietly writes hackable code for Beijing’s Adversaries, even when run locally, study finds
Qwen3-Coder wrote hackable apps 19% more often for US defense contractors and leaked data 28% more often for Hong Kong activists, AI security firm…
Industry leaders launch world’s first maritime-specific cyber vulnerabilities database
Cydome, ClassNK, Bureau Veritas, MTS-ISAC and Rakuten Maritime announce the “Blue Initiative”, an open collaboration to improve maritime cyber…
Businesses increasingly adopt AI for cybersecurity while individuals expand privacy protections
As cyber threats grow and digital technologies become more pervasive, businesses are increasingly using AI to strengthen…
EmissionLink calls for EU ETS revenues to fund maritime carbon capture trials and port infrastructure
Maritime emissions specialist, EmissionLink, has called for a dedicated proportion of EU Emissions Trading System (EU ETS) revenues to be invested…
Port of Antwerp-Bruges sees strong recovery in container throughput in volatile trading environment
In the first nine months of 2026, Port of Antwerp-Bruges handled 200.9 million tonnes of goods, 0.8% less than in the same period last year.…
Sanctions risks reshape commodity trading
Traders face sanctions challenge “odyssey” as geopolitical risks reformat global markets Commodity traders are operating in an increasingly…
Titan analysis shows FuelEU pooling propelled liquefied biomethane demand
- Clean fuel supplier evaluates compliance for 8,000 TEU containership operating in Northern Europe - FuelEU Maritime balances competitiveness…
Russian diesel tanker heads to New York as Kremlin claims regular shipments
Malta-flagged tanker should carry 40,000 mt fuel Agioi Fanendes left Primorsk Oct. 22: CAS US lifts sanctions, enables Russian imports……
Pilot transfer operation: A safer step aboard
Safe pilot transfer operations depend on both correct procedures and fit-for-purpose equipment. New SOLAS requirements entering into force in…
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!
