Baltic index falls to near three-week low as large vessel freight rates fall
2025-08-05 21:30:54

The Baltic Exchange's main ocean freight index, which measures the cost of shipping dry bulk commodities, extended its decline on Tuesday, dropping to its lowest point in nearly three weeks, driven by falls in Capesize and Panamax rates.
The main index tracking freight rates for Capesize, Panamax and Supramax vessels fell 49 points, or 2.49%, to 1,921, its lowest level since July 16. The contract fell for the second consecutive trading day.
The capesize index fell 152 points, or 4.8%, to 3,006, a two-week low.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, fell $1,258 to $24,929.
Iron ore futures climbed to a near one-week high, boosted by recent strong demand from top consumer China.
The Panamax index fell 8 points, or 0.5%, to 1,625, hitting a nearly four-week low.
Average daily earnings for Panamax vessels, which typically carry 60,000 to 70,000 tonnes of coal or grain, fell $71 to $14,625.
Among smaller vessels, the supramax index rose 9 points, or 0.7%, to 1,279 points, its highest level since July 29.
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