<\/p>\n
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened.<\/em><\/strong><\/p>\n The index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 36 points at 987 points, its lowest level since Jan. 9. It was down 5.8% for the week.<\/p>\n The capesize index fell 89 points to a one-week low of 1,393 points and lost 3.8% this week. Average daily earnings for capesize vessels, \u00a0which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $739 to $11,555.<\/p>\n Iron ore futures prices hit their highest in more than four weeks and were set for weekly gains, as a raft of better-than-expected data from top consumer China buoyed sentiment and China demand stayed resilient.<\/p>\n The panamax index added 1 point to 897 points but registered a second consecutive weekly decline. Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, rose by $10 to $8,070.<\/p>\n Among smaller vessels, the supramax index fell 18 points to 747 points, its lowest level in 17 months.<\/p>\n Elsewhere, freight rates for shipments of Russian oil from its western ports to India rose by 25% after the U.S. imposed sanctions on 183 vessels involved in Moscow’s energy exports a week ago, three trading sources said and Reuters calculations showed.<\/p>\n<\/p><\/div>\n<\/div>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"
Noel John
January 17, 2025
(c) sandsun \/ Adobestock
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened. The index, which factors in rates …<\/p>\n","protected":false},"author":1,"featured_media":54779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-54778","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\/54778","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=54778"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/54778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/54779"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=54778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=54778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=54778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n Noel John<\/span>
\n
\n January 17, 2025<\/span>
\n
\n <\/p>\n
\n (c) sandsun \/ Adobestock
\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n