Main sea freight index at Baltic Exchange rise sharply to 589 points

Published: May 14, 2015 08:51

Save

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities rose sharply on Tuesday on higher rates for capesize vessels.

UNITED KINGDOM May 13 2015 3:43 PM
LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities rose sharply on Tuesday on higher rates for capesize vessels.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, up by another 11 points to 589 points on Tuesday.

The main sea freight index at Baltic Exchange is the rate which tracks for ships carrying dry bulk commodities.

main sea freight index at Baltic Exchange

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

20 hours ago

Copper Prices Rebound at Week's End, Marginal Improvement in Copper Scrap Supply [SMM Copper Scrap Weekly Review]

[SMM Analysis: Copper Prices Rebound at Week's End, Marginal Improvement in Copper Scrap Supply] In the first week of July (June 30-July 3), the copper scrap market operated under three overlapping factors: the second week after the implementation of the reverse invoicing regulation, the onset of the high-temperature off-season, and copper prices holding the 100,000 yuan mark. The overall supply-demand weakness that began in June persisted. The most-traded SHFE copper contract moved sideways within the 102,020-103,070 yuan/mt range, never breaching the psychological level of 100,000 yuan/mt, while the wait-and-see sentiment among end-users remained unabated...

20 hours ago

21 hours ago

Data: SHFE, DCE market movement (Jul 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Jul , 2026

21 hours ago

Rate Hike Expectations Cooling and Destocking Continues, Copper Prices Maintain Fluctuating Trend [SMM Macro Weekly Review]

21 hours ago