{"id":52343,"date":"2024-11-27T17:30:25","date_gmt":"2024-11-27T14:30:25","guid":{"rendered":"https:\/\/www.al-sindbad.net\/big-bulk-ship-rates-drop-again\/52343\/"},"modified":"2024-11-27T17:30:25","modified_gmt":"2024-11-27T14:30:25","slug":"big-bulk-ship-rates-drop-again","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/big-bulk-ship-rates-drop-again\/52343\/","title":{"rendered":"Big Bulk Ship Rates Drop, again"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"meta\">&#13;<br \/>\n            <meta itemprop=\"datePublished\" content=\"2024-11-27T09:19:14.0000000\"\/>&#13;<br \/>\n            <span class=\"date\">November 27, 2024<\/span>&#13;<br \/>\n            <meta itemprop=\"dateModified\" content=\"2024-11-27T09:19:14.0000000\"\/>&#13;\n        <\/p>\n<div class=\"images-wrapper single\">\n<div class=\"images\">\n<div class=\"image active\">\n                <\/p>\n<p>&#13;<br \/>\n                        Copyright Daniel\/AdobeStock&#13;\n                    <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<div property=\"articleBody\">\n<p>The Baltic Exchange&#8217;s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near three-week low on Wednesday, pulled down by weaker capesize and panamax vessel rates.<\/p>\n<ul>\n<li>The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 72 points to 1,509 points, its lowest level since Nov. 8.<\/li>\n<li>The capesize index lost 210 points to 2,569 points, the lowest level in over two-weeks.<\/li>\n<li>Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $1,747 to $21,302.<\/li>\n<li>Prices of iron ore futures strengthened for the third straight session on Wednesday, as firmer steel output outweighed a raft of weaker economic data in top consumer China. <\/li>\n<li>The panamax index lost 12 points to 1,044 points, down for the ninth session in a row.<\/li>\n<li>Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain cargo, shed $107 to $9,396.<\/li>\n<li>Among smaller vessels, the supramax index edged 3 points higher to 988 points.\n<p>(Reuters)<\/p>\n<\/li>\n<\/ul><\/div>\n<\/div>\n<p>maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; &#13; November 27, 2024&#13; &#13; &#13; Copyright Daniel\/AdobeStock&#13; The Baltic Exchange&#8217;s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near three-week low on Wednesday, pulled down by weaker capesize and panamax vessel rates. The index, which factors in rates for capesize, panamax and supramax shipping &hellip;<\/p>\n","protected":false},"author":1,"featured_media":52344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-52343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/52343","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=52343"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/52343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/52344"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=52343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=52343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=52343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}