Baltic Index Edges Higher on Stronger Capesizes Rates





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The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, edged up on Friday on stronger rates for the capesize vessel segment.

The Baltic dry index was up 2 points, or 0.2%, at 1,196.

However, the index lost 6.9% this week, its fifth straight weekly loss.

The capesize index rose 30 points, or 1.8%, to 1,739, but declined about 8.8% for the week.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose $244 to $14,421.

The panamax index fell 19 points, or 1.6%, to 1,190, and was down about 6.2% this week.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, fell $169 to $10,711.

The supramax index shed 11 points to 901.


(Reporting by Asha Sistla in Bengaluru; Editing by Aditya Soni)




The ultimate guide to international shipping cost

There’s no doubt that ocean freight is an essential cog in the wheel that is world trade. And its influence is undeniable — 90% of the merchandise being transported all around the globe is carried out via ocean freight.

But despite the significant role it plays and the countless parties involved in day-to-day dealings with maritime shipping, there is a myriad of shipping-related charges and fees that may confuse even the most seasoned of shippers.

How much does international shipping cost

The fees and charges in an international shipping cost are wide-ranging. They cover anywhere from port and custom charges to additional fees implemented only under very specific circumstances. Basic freight charges aside, there’s a whole range of factors to consider when calculating

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