{"id":26920,"date":"2021-04-20T01:30:01","date_gmt":"2021-04-19T22:30:01","guid":{"rendered":"https:\/\/www.al-sindbad.net\/baltic-dry-index-rises-to-1-5-year-peak\/26920\/"},"modified":"2021-04-20T01:30:01","modified_gmt":"2021-04-19T22:30:01","slug":"baltic-dry-index-rises-to-1-5-year-peak","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/baltic-dry-index-rises-to-1-5-year-peak\/26920\/","title":{"rendered":"Baltic Dry Index Rises to 1.5-year Peak"},"content":{"rendered":"<p><\/p>\n<p>The Baltic Exchange&#8217;s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1\/2-year peak on Monday as demand improved across vessel segments.<\/p>\n<p><\/p>\n<p>The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019.<\/p>\n<p><\/p>\n<p>The capesize index gained 37 points, or 1.1%, to 3,476, its highest in more than six months.<\/p>\n<p><\/p>\n<p>Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, were up $310 to $28,830.<\/p>\n<p><\/p>\n<p>Iron ore prices in Asia pushed higher on Monday as strengthening global steel demand buoyed sentiment, and as Chinese steel mills continued to ramp up output despite the government&#8217;s scrutiny of their compliance with stricter anti-pollution rules.<\/p>\n<p><\/p>\n<p>The panamax index grew 94 points, or 4%, to 2,441, a high since April 1.<\/p>\n<p><\/p>\n<p>Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,00 tonnes, rose $849 to $21,968.<\/p>\n<p><\/p>\n<p>The supramax index was up 29 points at 1,878.<\/p>\n<p><\/p>\n<p><\/p>\n<p><\/p>\n<p><em>(Reporting by Bharat Govind Gautam)<\/em><\/p>\n<p>maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Baltic Exchange&#8217;s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1\/2-year peak on Monday as demand improved across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019. The &hellip;<\/p>\n","protected":false},"author":1,"featured_media":26921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[15298,1559,2231,1560,5429,4367],"class_list":["post-26920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-15year","tag-baltic","tag-dry","tag-index","tag-peak","tag-rises"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/26920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=26920"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/26920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/26921"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=26920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=26920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=26920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}