A chart: Baltic Index extends gains on rising capesize rates
2025-09-15 21:45:21

The Baltic Exchange's main sea freight index, which monitors rates for ships transporting dry bulk commodities, extended gains from the previous session to reach a more than one-month high on Monday, supported by rising Capesize rates.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels rose 27 points, or 1.3%, to 2,153, its highest level since July 28.
The capesize index rose 84 points, or 2.7%, to 3,154, its highest level since August 18.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargo such as iron ore and coal, rose by $699 to $26,156.
Iron ore futures prices closed lower on Monday.
Meanwhile, the Panamax index snapped a seven-day winning streak, falling 3 points, or 0.2%, to 2,003.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $29 to $18,027.
Among smaller vessels, the supramax index rose 1 point, or 0.1%, to 1,493 points.
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