Baltic index climbs to over one-month high as all vessel prices rise
2025-09-12 21:55:11

The Baltic Exchange's main sea freight index, tracking dry bulk commodities, rose to its highest level in more than a month on Friday, supported by rising freight rates for all vessel types.
The main index measuring Capesize, Panamax and Supramax freight rates rose 15 points, or 0.7%, to 2,126, its highest level since July 28. The weekly contract rose 7.4%, its best weekly performance since July 21.
The capesize index rose 29 points, or 1%, to 3,070, with the weekly contract up about 8.3%, its strongest week since July 21.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, rose by $239 to $25,457.
Iron ore futures traded in a tight range on Friday and were set for a third straight weekly gain, driven by recovering demand in top consumer China and supply concerns at projects in Guinea, but rising ore and steel inventories capped gains.
The panamax index rose 8 points, or 0.4%, to 2,006, its highest level since May 2024. The contract logged its best weekly performance since July 7, rising 11.3%.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose by $73 to $18,056.
Among smaller vessels, the supramax index rose 8 points, or 0.5%, to 1,492. The contract gained 2.5% this week.
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