The BDI Rose to a Five-Month High as Freight Rates for Various Types of Ships Rose

Published: May 19, 2022 10:26 (GMT+8)

Save

SHANGHAI, May 19 (SMM) - The Baltic Dry Index rose 94 points, or 3%, to 3,189, its highest level since December 13 last year.

SHANGHAI, May 19 (SMM) - The Baltic Dry Index rose 94 points, or 3%, to 3,189, its highest level since December 13 last year. The capesize index rose 214 points, or 5.4%, to 4,164, also the highest level in five months. Average daily earnings for capesize vessels rose $1,777 to $34,531. The panamax index rose 73 points, or 2.2%, to 3,327. Average daily earnings for Panamax vessels rose by $649 to $29,939. The Supramax index rose 13 points to 2,758.

Import/Export

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

15 hours ago

Hindustan Copper Advances $776M Capex Funding via QIP, Bonds for Vision 2030 Expansion

HCL's shareholders approved two fundraising mechanisms as the company implements its Vision 2030 expansion programme. The five-year plan targets higher mining capacity through existing mine expansion, new reserves and revival of legacy assets.

15 hours ago

17 hours ago

2026 National Day Holiday Survey of Copper Processing Enterprises — Copper Tube [SMM Analysis]

With air-conditioner production schedules improving, SMM’s survey of 13 copper tube producers shows shorter National Day breaks, averaging 3.3 days—0.6 days fewer than last year. Four East China producers will operate throughout the holiday. October operating rates are expected to stabilize MoM, with a much narrower YoY decline. However, orders remain weak, leaving the strength of “Silver October” uncertain.

17 hours ago

HBIS Resources: Main part of the Phase II copper project essentially completed, currently in capacity ramp-up stage

17 hours ago