{"id":27944,"date":"2021-09-07T23:07:41","date_gmt":"2021-09-07T20:07:41","guid":{"rendered":"https:\/\/www.al-sindbad.net\/baltic-dry-index-slides-to-three-week-low\/27944\/"},"modified":"2021-09-07T23:07:41","modified_gmt":"2021-09-07T20:07:41","slug":"baltic-dry-index-slides-to-three-week-low","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/baltic-dry-index-slides-to-three-week-low\/27944\/","title":{"rendered":"Baltic Dry Index Slides to Three-week Low"},"content":{"rendered":"<p><\/p>\n<p>The Baltic Exchange&#8217;s main dry bulk sea freight index dropped on Tuesday to its lowest since mid-August, as demand eased across all vessel segments.<\/p>\n<p><\/p>\n<p>The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell for a sixth straight session by 115 points, or 3%, to 3,707, its lowest since Aug. 17.<\/p>\n<p><\/p>\n<p>The capesize index declined 271 points, or 5.1%, to 5,091, its lowest in three weeks.<\/p>\n<p><\/p>\n<p>Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, decreased by $2,245 to $42,220.<\/p>\n<p><\/p>\n<p>China&#8217;s iron ore futures rebounded on Tuesday from a seven-month low, though gains were capped after data showed the world&#8217;s largest steel producer ramped up purchases of the steelmaking raw material last month.<\/p>\n<p><\/p>\n<p>The panamax index dropped 48 points, or 1.4%, to a near one-month low of 3,496.<\/p>\n<p><\/p>\n<p>Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased by $427 to $31,468.<\/p>\n<p><\/p>\n<p>Among smaller vessels, the supramax index dipped 37 points to 3,256, its lowest since Aug. 19.<\/p>\n<p><\/p>\n<p><\/p>\n<p><\/p>\n<p><em>(Reporting by Rahul Paswan; Editing by Aditya Soni)<\/em><\/p>\n<p>maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Baltic Exchange&#8217;s main dry bulk sea freight index dropped on Tuesday to its lowest since mid-August, as demand eased across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell for a sixth straight session by 115 points, or 3%, to 3,707, its lowest since Aug. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":27945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1559,2231,1560,5493,3899],"class_list":["post-27944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-baltic","tag-dry","tag-index","tag-slides","tag-threeweek"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/27944","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=27944"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/27944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/27945"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=27944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=27944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=27944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}