Baltic index edges up on firm panamax, supramax rates

reuters.com Price,  International,  Seaborne Shipment 2020-03-03 10:12:50

The Baltic Exchange's main sea freight index inched up on March 2, helped by strong demand for panamax and supramax vessels.


The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, edged up 4 points to 539, its highest since January 27.


The capesize index slipped further by 20 points to -348, its lowest on record.


Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, declined by $102 to $2,172.


The panamax index rose 10 points, or 1.1%, to 915, registering its 18th straight session of gains.


Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000-70,000 tonnes, increased by $85 to $8,232.


The supramax index gained 15 points to 621.


(Writing by Wenxin Wu  Editing by Becky Du)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 China futures market updates at close (Sep 29) 2022-09-29

Check out latest updates on the Chinese futures market for thermal coal, coking coal, coke and others at close.

2 Summary of China's 2025 energy and emission reduction goals 2022-09-29

Chinese provinces have successively released their goals for energy and emission reduction by 2025. Sxcoal has summarized them as below:

3 China's Haoji railway ships 152 Mt of coal in 3 yrs 2022-09-29

Haoji railway, China's longest heavy-haul coal artery, saw its cumulative shipments come in at 152 million tonnes as of September 27, marking it three-year anniversary since September 28, 2019.

4 Coal pre-winter storage progressing well in NE China 2022-09-29

Northeastern China's Heilongjiang province has made a good preparation for the winter heating period this year with stockpiles maintaining at a high level at power plants. Over the past 1

5 S Africa grapples with coal supply to ease energy crisis 2022-09-29

South Africa is working to ensure sufficient coal supply in response to the instability of the power system and to avoid further blackouts. South African President Cyril Ramaphosa lately

6 Infographic | Japan coal imports in Aug 2022 2022-09-29

Infographic | Japan coal imports in Aug 2022

7 Indonesian thermal coal falls on as Chinese buyers slow purchases 2022-09-29

Offer prices of Indonesian thermal coal sagged on September 28, pressured by weaker Chinese demand as high prices and currency depreciation added the cost burden. On September 28, October

8 Poland Aug hard coal output down 10.1% on yr, lignite up 2.1% 2022-09-29

Poland's hard coal production stood at 3.85 million tonnes in August, down 10.1% year on year and 3.9% month on month, while lignite output reached 4.91 million tonnes during the same month, up 2.1% f

9 China met coal market in figures (Sep 29) 2022-09-29

China coking coal, met coke and steel market key figures in focus.

10 China thermal coal market in figures (Sep 29) 2022-09-29

China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.

Most Read Articles

1 China's thermal coal prices keep rising on tight supply 2022-09-26

China's domestic thermal coal prices drifted higher on September 26 after a state-owned coal producer further raised purchasing prices for third-party coal, suggesting the supply tightness remained in

2 European commission lifts parts of sanctions on Russian thermal coal 2022-09-26

The European Commission has slightly relaxed some sanctions on Russian thermal coal, allowing EU-based operators to support its transport and finance if the coal is shipped to non-EU member countries.

3 Mongolian coking coal prices further rise at China's Ganqimaodu border crossing 2022-09-23

Mongolian coking coal prices continued rising at China's Ganqimaodu border crossing, backed by higher restocking interests from coking plants ahead of the October festival. Mongolia

4 Russia-China border port plans to build new tracks to boost coal exports to China 2022-09-23

Russia plans to further increase coal exports to China by lengthening the existing two rail tracks and building another two tracks at Grodekovo-Suifenhe border port, according to media report and sour

5 Chinese buyers actively seek Indonesian coal before Oct party congress 2022-09-23

Chinese power utilities are still actively seeking Indonesian thermal coal cargoes with October laycans late this week, aiming to build up stockpiles ahead of the 20th national party congress.

6 High Indonesian thermal coal prices rattle Chinese traders, fueling bearish sentiment 2022-09-27

Indonesian thermal coal prices have been rising at a faster pace since last week as Chinese utilities tried to build stockpiles ahead of the 20th CPC National Congress, but the spike seemed to blunt t

7 China Coal Daily Track (Sep 23) 2022-09-23

Thermal coal Production area Spot coal supply was slightly impacted by stricter safety and environmental checks ahead of the 20th national party congress and authorities' safety and standardizat

8 Summit Focus | Mongolian coal exports face infrastructure restraint, not COVID 2022-09-23

The main restraint of Mongolian coal exports is lack of infrastructure for rising demand, not the epidemic flare-ups, Zoljargal Jargalsaikhan, executive director of Mongolian Coal Association, said in

9 Five people killed in gas suffocation accident at coal mine in Henan 2022-09-23

Five people were killed in a gas suffocation accident at a coal mine in Central China's Henan province on September 21, according to an announcement from Henan Zhongfu Industry Co., Ltd.

10 China's Baihetan hydropower station puts 3/4 units into commercial operation 2022-09-23

Three quarters of the power generating units have been put into commercial operation in Baihetan hydropower station, following operation of a new unit on September 22, state media reported.