Main sea freight index at Baltic Exchange slumps to 620 points

Published: May 21, 2015 10:07

Save

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continued to slump on Tuesday due to a sharp decline in capesize, panamax and supramax rates.

UNITED KINGDOM May 20 2015 3:43 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continued to slump on Tuesday due to a sharp decline in capesize, panamax and supramax rates.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, down by another 10 points to 620 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 dry bulk commodities

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 to learn 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

37 mins ago

ADC12 Prices Rose Again This Week[[Weekly Review of Aluminum Scrap and Secondary Aluminum]]

[[Weekly Review of Aluminum Scrap and Secondary Aluminum]]Aluminum Prices Strengthened This Week, Rising Costs Drove Up ADC12 Prices

37 mins ago

1 hour ago

SHFE Cast Aluminum Alloy Warrants Down 540 mt to 55,360 mt on March 12

[SMM Flash News] SHFE data showed that as of March 12, the total registered volume of cast aluminum alloy warrants was 55,360 mt, down 540 mt from the previous trading day. By region, the total registered volume was Shanghai (4,930 mt, down 150 mt), Guangdong (19,242 mt, unchanged), Jiangsu (6,756 mt, down 149 mt), Zhejiang (18,540 mt, down 182 mt), Chongqing (4,144 mt, down 90 mt), and Sichuan (1,748 mt, down 59 mt).

1 hour ago

PowerChina to Develop Power Plant for Nanshan's Aluminium Project in Indonesia SEZ

[SMM Aluminum Express News] PowerChina (Power Construction Corporation of China) will develop a new power plant to support Shandong Nanshan Group's integrated aluminium project in the Galang Batang Special Economic Zone (SEZ) on Bintan Island, Indonesia.

1 hour ago