Home > World > Baltic index ticks up on gains across all vessel segments

Baltic index ticks up on gains across all vessel segments

Written By: TDG Syndication
Last Updated: October 16, 2025 18:23:14 IST

Oct 16 (Reuters) – The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, edged up on Thursday, driven by gains across all vessel segments. * The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 49 points, or 2.5%, to 2,046 points. * On Tuesday, Washington and Beijing began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil. * "Container freight rates are on a more positive trend, driven by disruption brought on by Chinese port fees just as US port fees took effect," analysts at Jefferies said in a note. * The capesize index rose 142 points, or 4.9%, to 3,058 points. * Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, increased by $1,173 to $25,358. * Dalian iron ore futures extended declines to hit a more than six-week low on Thursday, weighed down by the anticipation of falling demand in top consumer China. * The panamax index rose five points to 1,826 points, its highest since September 26. * Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, rose by $47 to $16,433. * Among smaller vessels, the supramax index rose four points to 1,422 points. (Reporting by Pablo Sinha in Bengaluru; Editing by Mrigank Dhaniwala)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Latest News

The Daily Guardian is India’s fastest
growing News channel and enjoy highest
viewership and highest time spent amongst
educated urban Indians.

Follow Us

© Copyright ITV Network Ltd 2025. All right reserved.

The Daily Guardian is India’s fastest growing News channel and enjoy highest viewership and highest time spent amongst educated urban Indians.

© Copyright ITV Network Ltd 2025. All right reserved.