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    Worker looses life in incident on Woodside’s North Rankin Complex

    Worker looses life in incident on Woodside’s North Rankin Complex

    EU proposes new measures for safe and green shipping

    EU proposes new measures for safe and green shipping

    UK MAIB

    Lessons learned: Never leave the scene of a collision until everything is under control

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

  • SEAFiT
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    Book Review: A role model for ship managers

    Book review: The politics of sustainability in the Arctic

    contemplation as a spiritual practice

    Contemplation: Directing the mind towards what’s important

    power of hug

    The power of hugging: How it affects our health

    Impostor Syndrome

    Mental Health Focus: How to deal with Impostor Syndrome

  • Green
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    • Arctic
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    • Emissions
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    Grimaldi orders two new ammonia ready car carriers

    Grimaldi orders two new ammonia ready car carriers

    MT NORE METHANOL BUNKERING BUNKER ONE

    Bunker One launches methanol-ready bunker tanker

    Smart Green Shipping and NTS join Winds of Change

    Smart Green Shipping and NTS join Winds of Change

    Maersk: Electricity availability limits e-fuels in the maritime industry

    Maersk: Electricity availability limits e-fuels in the maritime industry

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    The Zulu 4 canal vessel completed a 16.5-kilometre circuit using autonomous and remote operations technology

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    ONE orders 10 vessels ready for methanol and ammonia

    ONE joins GSBN in paperless trade

    Kongsberg completes autonomous operation of coastal vessel

    Kongsberg completes autonomous operation of coastal vessel

    communication onboard, connectivity

    IMO Sub-Committee considers introduction of VDES into SOLAS

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    Ship detentions in Paris MoU in February 2021

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    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

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    OCIMF Annual Report 2023: Key amendments and additions under SIRE 2.0

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    Spain fines tanker for illegal STS transfer

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    What does Europe’s ‘Fit for 55’ mean for shipping?

    FEPORT: Policymakers should ensure a level playing field has context menu

    IMO and South Korea sign agreement for gender equality in developing countries

    IMO and South Korea sign agreement for gender equality in developing countries

    BIMCO Q2 2023: Dry bulk market outlook

    BIMCO Q2 2023: Dry bulk market outlook

    Port of Stephenville to become green hydrogen hub

    Port of Stephenville to become green hydrogen hub

  • Columns
    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    eu ets maritime

    The EU’s objectives for sustainable shipping

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

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SAFETY4SEA

Baltic index posts worst day in five weeks

by The Editorial Team
December 23, 2022
in Shipping
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The Baltic Exchange’s dry bulk sea freight index fell on Thursday, marking its biggest one-day percentage loss in five weeks, as demand waned across all segments.

The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, lost 73 points, or about 4.2%, to 1,650, its worst day since Nov. 17, Reuters reported.

The capesize index (.BACI) fell 171 points, or about 6.1%, to 2,626, a day after hitting its highest since July 19.

Average daily earnings for capesizes (.BATCA), which typically transport 150,000-tonne cargoes such as coal and steel-making ingredient iron ore, decreased $1,422 to $21,775.

RelatedNews

Baltic Exchange: Maritime market highlights 21 – 26 May

Baltic Exchange: Maritime market highlights 15 – 19 May

Meanwhile, Dalian iron ore edged higher on Thursday, buoyed by hopes of improved steel demand in China in 2023, as Beijing seeks to ensure economic growth, even as local COVID outbreaks curb industrial activity and consumer demand.

The panamax index (.BPNI) fell 35 points, or about 2.2%, to mark its worst day in more than four weeks at 1,563.

 

Tags: Baltic Indexperformance datashipping trade

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