Baltic Index nears two-month high as capesizes rally
2025-09-17 21:46:34

The Baltic Exchange's main sea freight index, which monitors rates for ships transporting dry bulk commodities, rose for a fourth straight session on Wednesday, nearing a two-month high, supported by rising Capesize vessel rates.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels rose 26 points, or 1.2%, to 2,180, its highest level since July 28.
The capesize index rose 111 points, or 3.5%, to 3,300, its highest level since August 14.
Average daily earnings for capesize vessels, which typically carry 150,000-tonne cargoes such as iron ore and coal, rose by $923 to $27,366.
Iron ore futures edged lower on Wednesday on major exchanges, weighed down by higher shipments from top producer Brazil and a cautious outlook for steel demand.
Meanwhile, the Panamax index fell for the third consecutive trading day, down 45 points, or 2.3%, to 1,923 points, the lowest level since September 8.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $404 to $17,308.
Among smaller vessels, the supramax index rose 1 point to 1,492 points.
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