A chart: The Baltic Shipping Index fell to a two-week low, with freight rates falling across all sectors
2025-10-27 23:42:51

The Baltic Exchange's dry bulk shipping index, which monitors rates for ships transporting dry bulk commodities, fell to its lowest in more than two weeks on Monday, hurt by losses across all ship sectors.
The main index measuring Capesize, Panamax and Supramax freight rates fell 15 points, or 0.8%, to 1,976, its lowest level since Oct. 10.
The Capesize index fell for the fourth consecutive trading day, down 33 points, or 1.2%, to 2,838 points.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargo such as iron ore and coal, fell $277 to $23,534.
Iron ore futures climbed to a near two-week high on Monday as optimism about easing trade tensions between the United States and China, the world's two largest economies, outweighed demand concerns.
Meanwhile, the Panamax index snapped a 14-day winning streak, falling 3 points, or 0.2%, to 1,921.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $26 to $17,292.
Among smaller vessels, the supramax index fell 8 points to 1,361.
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