Baltic Dry Index hits 15-month low amid lower ship rates
The Baltic Exchange Dry Cargo Shipping Index, which tracks rates for dry bulk carriers, fell to a 15-month low on Tuesday due to losses across all shipping segments.
The index, which takes into account rates for Capesize, Panamax and Supramax class vessels, fell 12 points to 1,156 points, the lowest since September 2023.
The Capesize index fell 29 points to 1,503 points, also reaching its lowest level since September 2023.
The average daily earnings of Capesize vessels, which typically carry 150,000-ton cargoes such as iron ore and coal, fell $238 to $12,464.
The Panamax index fell 2 points to 1,077 points.
The average daily earnings of Panamax-class vessels, which typically carry 60,000-70,000 tons of coal or grain, fell $22 to $9,691.
Among smaller vessels, the supramax index fell 4 points to 967 points, the lowest since August 2023.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
China’s domestic soybean meal stocks to fall to 500 thsd tons by end-April
Dispute over new EU beef export quota intensifies tensions within Mercosur
Queues build up at Ukrainian ports amid active corn exports
Declining corn acreage and rising soybean acreage in the US could impact feed cost...
Soybean prices in Ukraine continue to rise, but only due to domestic demand
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon