Tag: Baltic Index

Baltic Exchange’s main sea freight index posted its biggest monthly percentage gain in five months, supported by higher rates across vessel segments.

The Baltic Exchange’s main sea freight index, climbed to the highest in more than a week on Tuesday as shipping rates for all vessel segments increased.

The Baltic Exchange’s main sea freight index, rose to a one-week high on Monday as capesize vessels segment logged its biggest single-day gain since mid-December, Reuters reports.

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 Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a second straight session on Monday on higher capesize rates, while other vessel segments stayed flat.

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains for a third straight session on Monday on higher rates for capesize and panamax vessel segments.

The Baltic Exchange, in collaboration with Xinhua, Chinese state news agency, published the 2020 Xinhua-Baltic International Shipping Centre Development (ISCD) Index.

According to Reuters, the Baltic Exchange sea freight index reported its biggest ever daily percentage jump, followed by a surge in capesize rates to a more than six-month high.

As Reuters reports, the Baltic Exchange’s main sea freight index dropped on Wednesday, February 5, with the capesize segment dropping to an all-time low due to reduced demand for ships and the muted activity in China due to the coronavirus outbreak.

According to Reuters, the Baltic Exchange's main sea freight index showed a decrease, as continued reaching its lowest level since April 2016, impacted by weaker vessels rates across categories.