<\/p>\n
The Baltic Exchange’s main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand.<\/p>\n
<\/p>\n
The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, edged up 20 points, or 0.7%, to 2,808, a high since September 2010.<\/p>\n
<\/p>\n
The capesize index was up 70 points, or 1.7%, to 4,262, a peak since July 3, 2020.<\/p>\n
<\/p>\n
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, gained $585 at $35,347.<\/p>\n
<\/p>\n
Chinese steel futures closed at all-time highs on Monday, underpinned by robust demand and concerns over production curbs, while benchmark iron ore prices hit record highs, fuelled by structural supply shortage.<\/p>\n
<\/p>\n
The panamax index fell 44 points, or 1.7%, to 2,586.<\/p>\n
<\/p>\n
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,00 tonnes, lost $396 to $23,271.<\/p>\n
<\/p>\n
The supramax index rose 23 points to an over one-month high of 2,108.<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
(Reporting by Bharat Govind Gautam; Editing by Shailesh Kuber)<\/em><\/p>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" The Baltic Exchange’s main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, edged up 20 points, …<\/p>\n","protected":false},"author":1,"featured_media":27056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[13204,1559,2231,1751,1560,3163],"class_list":["post-27055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-10year","tag-baltic","tag-dry","tag-high","tag-index","tag-reaches"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/27055","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=27055"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/27055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/27056"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=27055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=27055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=27055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}