Baltic dry bulk freight index weakens due to weakening demand for capesize ships-Shanghai Metals Market

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Baltic dry bulk freight index weakens due to weakening demand for capesize ships

Translation 04:24:09PM May 04, 2019 Source:Wenhua Finance and Economics

SMM News: may 3 news, the Baltic Trade and Maritime Exchange dry bulk freight index on Friday recorded the largest one-day percentage decline in three months, as demand for capesize ships softened.

The overall dry bulk freight price index fell 47 points, or 4.6 percent, to 985. Today's percentage decline was the biggest since January 31.

The headland index fell 130 points, or 9.2%, to 1290, the first decline since mid-April.

The average daily profit of capesize ships fell $1164 to $11182. The normal carrying capacity of this type of ship is 17-180000 tons, carrying goods such as iron ore and coal.

The Panamanian shipping index rose 1 point to 1190.

Panamanian ships posted an average profit of $8 a day to $9524. The normal carrying capacity of this type of ship is 670,000 tons, and the cargo is usually coal or grain.

The overpowered shipping rate index fell 3 points to 752 points.

Key Words:  Shipping  price  demand 

Baltic dry bulk freight index weakens due to weakening demand for capesize ships

Translation 04:24:09PM May 04, 2019 Source:Wenhua Finance and Economics

SMM News: may 3 news, the Baltic Trade and Maritime Exchange dry bulk freight index on Friday recorded the largest one-day percentage decline in three months, as demand for capesize ships softened.

The overall dry bulk freight price index fell 47 points, or 4.6 percent, to 985. Today's percentage decline was the biggest since January 31.

The headland index fell 130 points, or 9.2%, to 1290, the first decline since mid-April.

The average daily profit of capesize ships fell $1164 to $11182. The normal carrying capacity of this type of ship is 17-180000 tons, carrying goods such as iron ore and coal.

The Panamanian shipping index rose 1 point to 1190.

Panamanian ships posted an average profit of $8 a day to $9524. The normal carrying capacity of this type of ship is 670,000 tons, and the cargo is usually coal or grain.

The overpowered shipping rate index fell 3 points to 752 points.

Key Words:  Shipping  price  demand