Baltic index posts worst week in over a month
2025-08-01 21:42:26

The Baltic Exchange's main sea freight index, a measure of freight rates for ships carrying dry bulk commodities, edged higher on Friday but posted its worst week since early June, dragged down by falling rates for all vessel types.
The main index tracking Capesize, Panamax and Supramax freight rates rose 15 points, or 0.75%, to 2,018, but was down more than 10% for the week, its worst performance since June 16.
The capesize index rose 57 points, or 1.8%, to 3,296, but was down nearly 14% for the week.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargo such as iron ore and coal, rose by $473 to $27,331.
Iron ore futures were little changed on Friday but were still set for a weekly decline.
The Panamax index fell 15 points, or 0.9%, to 1,644, bringing its weekly drop to over 10%, its worst performance since April.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $131 to $14,798.
Among smaller vessels, the supramax index rose 1 point, or 0.08%, to 1,269, marking its second consecutive week of decline.
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