<\/p>\n
The Baltic Exchange’s dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on Tuesday to an over one-year low as rates weakened across all vessel segments.<\/em><\/strong><\/p>\n The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 29 points, or 3.03%, to 928 points – its lowest since June 2023.<\/p>\n The Baltic index is expected to decrease in the lead up to the Chinese new year, as this is typically a period of weaker demand for the sector, said an economist at the Baltic and International Maritime Council (BIMCO).<\/p>\n “We expect a weaker supply-demand balance in 2025 compared to 2024, especially if safety is restored in the Red Sea and ships are able to return.”<\/p>\n Companies around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen’s Houthis will continue to attack shipping, industry executives said.<\/p>\n The capesize index slipped 43 points, or 3.24%, close to a two-week low of 1,284 points. While, average daily earnings for capesize vessels, which typically transport cargoes of 150,000 metric tons, such as iron ore and coal, lost $361 to $10,647. Prices of iron ore futures rose for a ninth straight session as U.S. President Donald Trump did not immediately impose tariffs on trading partners, but kept investors on edge with his tariff plans, which capped the gains.<\/p>\n The panamax index slipped 19 points to 874 points, lowest since February 2023. Average daily earnings for panamax vessels, which usually carry about 60,000-70,000 tons of coal or grain, dropped by $174 to $7,862.<\/p>\n Among smaller vessels, the supramax index .BSIS was down 24 points at 703 points, its lowest in over a year. It fell for a 28th straight session.<\/p>\n<\/p><\/div>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" The Baltic Exchange’s dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on Tuesday to an over one-year low as rates weakened across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 29 points, …<\/p>\n","protected":false},"author":1,"featured_media":54952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-54951","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\/54951","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=54951"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/54951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/54952"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=54951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=54951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=54951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}