Baltic index extends fall as capesize rates keep slipping

Belships ASA

10/02/2021 14:32

Feb 10 (Reuters) - The Baltic Exchange's main sea freight
index fell for a third straight session on Wednesday, as a slide
in capesize rates continued to outweigh gains in the smaller
vessel segments. 
    * The Baltic dry index  .BADI , which tracks rates for
capesize,
panamax and supramax vessels ferrying dry bulk commodities, fell
3 points, or 0.2%, to 1,303, weakest since mid-December last
year. 
    * The capesize index  .BACI  extended its losing streak to
15
sessions, falling 74 points, or 5.4%, to 1,296, a low since Dec.
9. 
    * ​Average daily earnings for capesizes, which typically
transport
150,000-tonne cargoes such as iron ore and coal, dipped $610 to
$10,749. 
    * The panamax index  .BPNI  climbed 57 points, or 3.3%, to
1,797,
its highest level in nearly six months. 
    * Average daily earnings for panamaxes, which usually carry
coal
or grain cargoes of about 60,000 tonnes to 70,000 tonnes, were
up $508 at $16,172.
    * The supramax index  .BSIS  was up 19 points at 1,175, a
peak
since late-October, 2019. 


 (Reporting by Bharat Govind Gautam in Bengaluru;
Editing by Vinay Dwivedi)
 ((BharatGovind.Gautam@thomsonreuters.com; +91-80-6182-3021/
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