Thursday, October 12, 2017 7:49:46 AM
in Dry Bulk Market 12/10/2017
The Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, rose for the sixth straight session on Wednesday as panamax rates increased on demand from grain cargoes.
The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 15 points, or 1.06 percent, to 1,433 points.
The panamax index also increased for the sixth consecutive session, up 39 points, or 2.66 percent, at 1,504 points.
“The Atlantic Panamax market saw increased enquiry in east coast of South America (ECSA) and U.S. Gulf Coast (USG) Tuesday onwards, while Asian business also improved particularly for North Pacific rounds,” shipbroker Intermodal said in a note.
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $316 to $12,086.
The capesize index fell 12 points, or 0.41 percent, to 2,882 points.
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $91 at $19,911.
Among smaller vessels, the supramax index rose 24 points to 1,020 points, while the handysize index rose 5 points to 623 points, a peak since April 2014.
Source: Reuters
Recent SHIP News
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 08/09/2024 08:13:13 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/09/2024 04:15:09 AM
- Seanergy Maritime Reports Record Second Quarter and First Half Financial Results for the Periods Ended June 30, 2024 • GlobeNewswire Inc. • 08/06/2024 12:00:00 PM
- Seanergy Maritime Announces the Date for the Second Quarter and Six Months Ended June 30, 2024 Financial Results, Conference Call and Webcast • GlobeNewswire Inc. • 08/01/2024 01:15:00 PM
- Form F-3/A - Registration statement by foreign private issuers: [Amend] • Edgar (US Regulatory) • 07/30/2024 09:30:07 PM
- Form F-3 - Registration statement by foreign private issuers • Edgar (US Regulatory) • 07/12/2024 08:34:04 PM
- Leading Shipowners Presented at the 4th Annual Capital Link Decarbonization in Shipping Forum • GlobeNewswire Inc. • 07/08/2024 03:39:35 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/14/2024 08:15:15 PM
- Seanergy Maritime Announces Successful Delivery of a Japanese Capesize Vessel and Two New Time Charter Agreements with Costamare Bulkers Inc. • GlobeNewswire Inc. • 06/13/2024 01:00:00 PM
- Sphinx Investment Corp. Issues Statement on Seanergy • Business Wire • 06/03/2024 08:44:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/31/2024 06:45:52 PM
- Seanergy Maritime, CEO, Stamatis Tsantanis Interview at Schwab Network • GlobeNewswire Inc. • 05/31/2024 05:27:07 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/17/2024 08:15:19 PM
- Seanergy Maritime Reports Record Financial Results for the Quarter Ended March 31, 2024 and Declares Cash Dividends of $0.15 Per Share • GlobeNewswire Inc. • 05/15/2024 01:00:00 PM
- U.S. Index Futures Flat Ahead of April CPI Data Release, Oil Prices Drop • IH Market News • 05/15/2024 11:50:05 AM
- Seanergy Maritime Announces the Date for the First Quarter Ended March 31, 2024 Financial Results, Conference Call and Webcast • GlobeNewswire Inc. • 05/09/2024 01:00:00 PM
- Seanergy Maritime Announces Availability of its 2023 Annual Report on Form 20-F • GlobeNewswire Inc. • 04/03/2024 08:05:00 PM
- Seanergy Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares a Cash Dividend of $0.10 Per Share • GlobeNewswire Inc. • 03/15/2024 01:00:00 PM
- REMINDER - Leading Dry Bulk & Container Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum Monday, March 11, 2024 in New York City • GlobeNewswire Inc. • 03/06/2024 02:00:00 PM
- Seanergy Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2023 Financial Results, Conference Call and Webcast • GlobeNewswire Inc. • 03/05/2024 02:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:09:50 PM
- Leading Dry Bulk & Containers Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum Monday March 11, 2024 in New York City • GlobeNewswire Inc. • 02/13/2024 04:27:51 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/31/2024 09:05:15 PM
- Seanergy Maritime Achieves Key Partnership with European Union Funding and Major Industry Stakeholders Under SAFeCRAFT to Revolutionize Maritime Propulsion for Existing Vessels • GlobeNewswire Inc. • 01/30/2024 01:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/28/2023 10:15:14 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM