Baltic index falls to over two-week low, but ends quarterly gain
2025-09-30 21:54:59

The Baltic Exchange's main sea freight index fell to its lowest in more than two weeks on Tuesday as ship freight rates fell across the board, although the index posted its second consecutive quarterly gain.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 86 points to 2,134, the lowest level since Sept. 12. However, the index rose 5.4% for the month and 43.3% for the quarter.
The capesize index fell 219 points to 3,305, a two-week low, but is up about 13% this month.
Average daily earnings for capesize vessels, which typically carry 150,000 tonne cargoes such as iron ore and coal, fell $1,823 to $27,405.
Iron ore futures fell on weak Chinese manufacturing data but recorded a solid quarterly gain as strong export-driven gains in July and August offset recent losses.
The Panamax index fell to a near one-month low, down 42 points to 1,776, its lowest level since September 4. The index is down 3.8% this month.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $373 to $15,985.
Among smaller vessels, the supramax index fell 5 points to 1,473, its lowest level since Sept. 8.
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