Main sea freight index at Baltic Exchange plummets to below 600 points mark

Published: May 22, 2015 13:16
The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities plummeted for the fifth day in a raw on Thursday due to lower capesize and panamax rates.

UNITED STATES May 22 2015 9:36 AM
LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities plummeted for the fifth day in a raw on Thursday due to lower capesize and panamax rates.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, down by another 14 points to 592 points on Thursday.

The main sea freight index at Baltic Exchange is the rate which tracks for ships carrying 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
Macro and Geopolitical Factors Resonated During Labour Day Holiday, LME Outperforms SHFE for Aluminum [SMM Analysis]
10 hours ago
Macro and Geopolitical Factors Resonated During Labour Day Holiday, LME Outperforms SHFE for Aluminum [SMM Analysis]
Read More
Macro and Geopolitical Factors Resonated During Labour Day Holiday, LME Outperforms SHFE for Aluminum [SMM Analysis]
Macro and Geopolitical Factors Resonated During Labour Day Holiday, LME Outperforms SHFE for Aluminum [SMM Analysis]
In the short term, the core pattern of LME outperforms SHFE is unlikely to reverse. Strength in the overseas market will support SHFE aluminum's post-holiday catch-up potential, but high domestic inventory and weak demand will cap overall gains. Going forward, key focus will be on the pace of China aluminum ingot destocking and the strength of rigid demand release from downstream production resumptions.
10 hours ago
[SMM Aluminum Flash News] DISA Launches C5 Moulding Line to Boost Casting Efficiency
20 hours ago
[SMM Aluminum Flash News] DISA Launches C5 Moulding Line to Boost Casting Efficiency
Read More
[SMM Aluminum Flash News] DISA Launches C5 Moulding Line to Boost Casting Efficiency
[SMM Aluminum Flash News] DISA Launches C5 Moulding Line to Boost Casting Efficiency
DISA has launched the DISAMATIC C5 vertical green-sand moulding line, designed for high efficiency and low operating cost. The system can produce 400 uncored or 340 cored moulds per hour, delivering up to 20% higher output than comparable machines while reducing maintenance needs and total cost of ownership. The company said the C5 improves casting quality, cutting grinding and rework by about 50%, and offers fast installation with compatibility for existing pattern plates. Overall, the new line enhances productivity and supports faster return on investment for foundries.
20 hours ago
[SMM Aluminum Flash News] South Korea Boosts SME R&D to Cut Carbon Exposure Under CBAM Pressure
20 hours ago
[SMM Aluminum Flash News] South Korea Boosts SME R&D to Cut Carbon Exposure Under CBAM Pressure
Read More
[SMM Aluminum Flash News] South Korea Boosts SME R&D to Cut Carbon Exposure Under CBAM Pressure
[SMM Aluminum Flash News] South Korea Boosts SME R&D to Cut Carbon Exposure Under CBAM Pressure
South Korea’s Ministry of SMEs and Startups, together with TIPA, has launched the “2026 Carbon Reduction R&D for Core Export Items” project, focusing on developing carbon reduction technologies for high-emission products such as aluminium and steel to address CBAM-related cost pressures. The project, open for applications in May, covers fuel substitution, process optimisation and resource recycling, with support for real-world implementation and verification. Running until 2030 with a total budget of about USD 73 million, the initiative aims to enhance SMEs’ export competitiveness under tightening global carbon regulations.
20 hours ago
Main sea freight index at Baltic Exchange plummets to below 600 points mark - Shanghai Metals Market (SMM)