LONDON (US
Scrap Corner): The main sea freight index at London-based Baltic
Exchange declined further on Thursday, April 30, due to weak supramax
and panamax rates.
Baltic Exchange provides daily freight market prices and maritime shipping cost indices which are used to settle freight futures.
Baltic Dry Index (BDI)
A continued decline in supramax, panamax indices drive the overall index at Baltic Exchange down further 5 points to 591 points on April 30 of this year, as compare to Wednesday close of 595 points.
Baltic Dry Index is the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels.
Baltic Panamax Index (BPI)
The panamax index dropped sharply by 15 points to 658 points on Thursday. The average daily earnings for panamaxes, which usually carry 60,000 to 70,000 ton cargoes of coal or grains, slipped by $112 to $5246.
Baltic Supramax index (BSI)
The supramax index slipped by 2 points to 625 points on Thursday. The average daily earnings for supramaxes, which usually carry 45,000 to 59,000 ton cargoes of coal or grains, also dropped by $26 to $ 6533.
Baltic Capesize Index (BCI)
However, the Baltic capesize rate which advanced by 7 points to reach 565 points on Thursday. The average daily earnings for capesizes, which typically transport above 100,000 ton cargoes such as iron ore and coal, advanced by $12 to $4,532.
Baltic Exchange provides daily freight market prices and maritime shipping cost indices which are used to settle freight futures.
Baltic Dry Index (BDI)
A continued decline in supramax, panamax indices drive the overall index at Baltic Exchange down further 5 points to 591 points on April 30 of this year, as compare to Wednesday close of 595 points.
Baltic Dry Index is the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels.
Baltic Panamax Index (BPI)
The panamax index dropped sharply by 15 points to 658 points on Thursday. The average daily earnings for panamaxes, which usually carry 60,000 to 70,000 ton cargoes of coal or grains, slipped by $112 to $5246.
Baltic Supramax index (BSI)
The supramax index slipped by 2 points to 625 points on Thursday. The average daily earnings for supramaxes, which usually carry 45,000 to 59,000 ton cargoes of coal or grains, also dropped by $26 to $ 6533.
Baltic Capesize Index (BCI)
However, the Baltic capesize rate which advanced by 7 points to reach 565 points on Thursday. The average daily earnings for capesizes, which typically transport above 100,000 ton cargoes such as iron ore and coal, advanced by $12 to $4,532.
