A chart: Baltic Index falls as Capesize rates fall
2025-07-09 21:55:56

The Baltic Exchange's main ocean freight index, which tracks rates for ships carrying dry bulk cargoes, slipped on Wednesday as rates for Capesize vessels fell.
The main index tracking rates for Capesize, Panamax and Supramax vessels fell 8 points, or 0.6%, to 1,423. The contract fell to its lowest level since June 2.
The Capesize index fell 97 points, or about 5.5%, to 1,654. The contract fell for the 17th consecutive trading day.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, fell by $806 to $13,715.
Iron ore futures rose for a second straight session on Wednesday, driven by falling shipments and strong demand, but mixed manufacturing data from top consumer China capped gains.
The Panamax index rose 52 points, or 3.3%, to 1,621, its highest level since August 7 last year.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $469 to $14,590.
Among smaller vessels, the supramax index rose 26 points, or 2.3%, to 1,151.
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