The Baltic Dry Index fell about 14% over the week, while Capesize rates dropped 25%, reducing estimated vessel earnings to roughly $26,000 per day.
Global dry-bulk freight rates continued to cool, with the Baltic Dry Index falling about 14% during the week to its lowest level since late June. The decline was concentrated in the Capesize segment, which carries large volumes of iron ore and coal on long-haul routes.
Source:
finimize.comShare this article
Related news
Carriers Raise Selected Rates and Add Surcharges on Americas and Africa Trades
CMA CGM raised an Asia–South America rate, while Maersk announced a peak-season surcharge for cargo moving from South America to the US and Canada.
Global Container Freight Rates Rebound After 13-Week Decline
Drewry’s global container rate gauge rose by about 3%, led by stronger Asia–Europe pricing.
Supertanker Rates Ease from Record Highs but Remain Elevated
VLCC freight rates from the Gulf of Oman to China fell to Worldscale 776 from 841 a week earlier, while regional disruption continues to support historically high tanker earnings.