<\/p>\n
The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, edged lower on Tuesday, as rates declined across capesize and panamax vessel segments.<\/p>\n
* The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 21 points, or 1%, to 2,017 points.<\/p>\n
* The capesize index was down 56 points, or 1.7%, at 3,261.<\/p>\n
* Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, fell $458 to $27,048.<\/p>\n
* Iron ore futures rose after steel mills in Chinese production hub Tangshan were ordered to halt operations to improve air quality ahead of a major military parade, while lower shipments also lent support to prices. <\/p>\n
* Among smaller vessels, the supramax index added 4 points, or 0.3%, to 1,329. The index registered its eighth straight session of gains.<\/p>\n
* The panamax index extended losses for the third straight session and was down 19 points, or 1.2%, at 1,595. The index was at its lowest level since July 8.<\/p>\n
* Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, fell $170 to $14,359.<\/p>\n
* Elsewhere, a Liberian-flagged oil tanker that had been detained by Iraq’s navy has been released and is en route to the United Arab Emirates, two sources familiar with the matter told Reuters.<\/p>\n
(Reuters)<\/p>\n
marine link<\/p>\n","protected":false},"excerpt":{"rendered":"
The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, edged lower on Tuesday, as rates declined across capesize and panamax vessel segments. * The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 21 points, or 1%, to 2,017 points. * The capesize index …<\/p>\n","protected":false},"author":1,"featured_media":65683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1559,3042,2470,1560,1820,1070,12733],"class_list":["post-65682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-baltic","tag-big","tag-fall","tag-index","tag-rates","tag-ship","tag-tumbles"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/65682","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=65682"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/65682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/65683"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=65682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=65682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=65682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}