Subscribe to our Mailing Lists (It's free!)
Thursday, July 3, 2025
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    AP Companies: How physical and mental well-being shape happier ships

    AP Companies: How physical and mental well-being shape happier ships

    bali indonesia

    Ferry sinks off Bali with multiple casualties

    Year in Review: How the Russian invasion of Ukraine affected shipping in 2022

    LR: New requirements for lifting appliances and anchor winches

    Baltic index  fell to its lowest in more than three months

    Two crew members accused over deadly tanker collision

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    neck pain

    Neck pain: A growing health concern for maritime workers

    Book Review: Building leaders the MMMA way

    Book Review: Feel grounded and think positive in 10 simple steps

    time

    Stay SEAFiT: Time is non-renewable – invest it wisely

    public speaking

    8 Key rules of Public Speaking

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    hull

    AkzoNobel: Quality antifouling coatings can help with CII and EEXI compliance

    nuclear power

    Nuclear shipping inches closer to reality: Latest developments

    nuclear energy ABS

    Consortium advances floating nuclear power for the Mediterranean

    CSA scrubbers

    CSA urges OSPAR to improve understanding before enacting scrubber ban

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    connectivity

    Innovating ocean safety: Intellian’s unified vision for connectivity and GMDSS

    autonomous navigation

    New deal aims to advance autonomous navigation technology

    abs training center

    ABS opens smart training center in Athens

    iaph cyber security

    IAPH releases cyber security guidelines for new port technologies

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    OCIMF

    OCIMF Annual Report 2025: SIRE 2.0 a welcome change for the industry

    USCG

    ABS PSC Report Q1 2025: 526 total vessels detained

    paris mou lists

    Paris MoU 2024 Performance lists

    PSC

    AMSA Annual PSC Report: ISM-related deficiencies on the lead

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    European Commission EU

    EU in discussions over maritime and port strategies

    underwater noise from ships

    AMSA: Reduction of underwater radiated noise from shipping

    nuclear energy ABS

    Consortium advances floating nuclear power for the Mediterranean

    Germany shadow fleet

    German Government increases vigilance in the Baltic Sea

  • Columns
    AMPI: Seafarers face critical risks in pilot transfer rigging

    AMPI: Seafarers face critical risks in pilot transfer rigging

    connectivity

    Innovating ocean safety: Intellian’s unified vision for connectivity and GMDSS

    human factor organizational safety

    Cracking the safety code: Why human factors matter

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    AP Companies: How physical and mental well-being shape happier ships

    AP Companies: How physical and mental well-being shape happier ships

    bali indonesia

    Ferry sinks off Bali with multiple casualties

    Year in Review: How the Russian invasion of Ukraine affected shipping in 2022

    LR: New requirements for lifting appliances and anchor winches

    Baltic index  fell to its lowest in more than three months

    Two crew members accused over deadly tanker collision

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    neck pain

    Neck pain: A growing health concern for maritime workers

    Book Review: Building leaders the MMMA way

    Book Review: Feel grounded and think positive in 10 simple steps

    time

    Stay SEAFiT: Time is non-renewable – invest it wisely

    public speaking

    8 Key rules of Public Speaking

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    hull

    AkzoNobel: Quality antifouling coatings can help with CII and EEXI compliance

    nuclear power

    Nuclear shipping inches closer to reality: Latest developments

    nuclear energy ABS

    Consortium advances floating nuclear power for the Mediterranean

    CSA scrubbers

    CSA urges OSPAR to improve understanding before enacting scrubber ban

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    connectivity

    Innovating ocean safety: Intellian’s unified vision for connectivity and GMDSS

    autonomous navigation

    New deal aims to advance autonomous navigation technology

    abs training center

    ABS opens smart training center in Athens

    iaph cyber security

    IAPH releases cyber security guidelines for new port technologies

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    OCIMF

    OCIMF Annual Report 2025: SIRE 2.0 a welcome change for the industry

    USCG

    ABS PSC Report Q1 2025: 526 total vessels detained

    paris mou lists

    Paris MoU 2024 Performance lists

    PSC

    AMSA Annual PSC Report: ISM-related deficiencies on the lead

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    European Commission EU

    EU in discussions over maritime and port strategies

    underwater noise from ships

    AMSA: Reduction of underwater radiated noise from shipping

    nuclear energy ABS

    Consortium advances floating nuclear power for the Mediterranean

    Germany shadow fleet

    German Government increases vigilance in the Baltic Sea

  • Columns
    AMPI: Seafarers face critical risks in pilot transfer rigging

    AMPI: Seafarers face critical risks in pilot transfer rigging

    connectivity

    Innovating ocean safety: Intellian’s unified vision for connectivity and GMDSS

    human factor organizational safety

    Cracking the safety code: Why human factors matter

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Baltic index fell to its lowest in more than three months

by The Editorial Team
August 2, 2011
in Shipping
FacebookTwitterEmailLinkedin

A slowdown in cargo demand took its toll

2011.7.7- The Baltic Exchange.jpgThe Baltic Exchange’s main sea freight index , which tracks rates to ship dry commodities, fell to its lowest in more than three months on Monday as a slowdown in cargo demand took its toll at a time when there is a growing glut of ships.

“It’s more of the same. It’s a quiet market and rates are slipping,” said Peter Norfolk, research director at freight broker FIS. “It would not be surprising to see a quiet period at this time of the year. How long it lasts is hard to call.”

The overall index fell 0.63 percent or 8 points to 1,256 points in a 17th session of straight declines and was at its lowest since April 26. The index has stayed erratic in recent weeks and has declined over 25 percent this year.

RelatedNews

Baltic Exchange: Maritime market highlights 23-27 June

Baltic Exchange: Maritime market highlights 16-20 June

“Once again capesize rates underperformed the sector this week as new cargoes were few and far between in both basins,” said Deutsche Bank.
The Baltic’s capesize index fell 0.63 percent with average daily earnings falling to $9,289 — falling below the psychological $10,000 a day for a third straight session. Capesizes typically haul 150,000 tonne cargoes such as iron ore and coal, have declined have fallen 12 percent in the past week.

“The capesize market continued to reverse course last week, as chartering activity, in general, slowed down,” Cantor Fitzgerald said.

“While the Pacific basin remained relatively busy, sentiment in the Atlantic has become more negative due to a lack of cargoes and the onslaught of vessels ballasting to the region.”

The Baltic’s panamax index fell 0.6 percent. Average daily earnings for panamaxes, which usually transport 60,000-70,000 tonne cargoes of coal or grains, reached $11,995.

Brokers said they were watching for further developments in China, which is facing its worst power shortages in years and likely to have an impact on dry freight activity.

“With Chinese authorities urging power plants to increase coal imports, we see the potential for a pickup in activity here going into the second half of 2011,” said Arctic Securities analyst Erik Nikolai Stavseth.

“High temperatures have sparked increased use of air conditioning in southern parts of China, lifting electricity demand.”

A week-long strike ended in South Africa’s coal sector on Monday after a wage deal was reached with employers, according to unions and the chamber of mines.

Brokers had said a prolonged coal strike by workers in South Africa, one of the world’s top five coal exporters and a key supplier to Atlantic and Pacific markets, could have a negative impact on the dry freight market, adding to the growing surplus of vessels and hitting trade volumes.

The main Baltic index has more than halved in the past six months, nearing levels last seen during the economic turmoil in 2008.

Uncertainty over prospects for the world economy could also potentially hurt demand for raw materials.

Source: Reuters

Baltic index  fell to its lowest in more than three monthsBaltic index  fell to its lowest in more than three months
Baltic index  fell to its lowest in more than three monthsBaltic index  fell to its lowest in more than three months
Tags: Baltic Exchange
Previous Post

NOAA seeks comments on its Environmental Assessment

Next Post

The Philippines will host the first-ever International Seafarers Family Convention

Related News

Baltic Exchange
Shipping

Baltic Exchange: Maritime market highlights 9-13 June

June 13, 2025
dry bulk market
Shipping

Baltic Exchange: Maritime market highlights 2-6 June

June 6, 2025
BIMCO: Chinese seaborne dry bulk imports up 6% despite economic challenges
Shipping

Baltic Exchange: Maritime market highlights 26-30 May

May 30, 2025
Baltic Exchange
Shipping

Baltic Exchange: Maritime market highlights 19-23 May

May 23, 2025
dry bulk market
Shipping

Baltic Exchange: Maritime market highlights 12-16 May

May 16, 2025
Baltic Exchange
Shipping

Baltic Exchange: Maritime market highlights 5-9 May

May 9, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Explore more

No Result
View All Result
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Content Marketing
  • Contact

© 2025 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA

Manage your privacy
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Manage options
{title} {title} {title}
No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA