The Baltic Index subsides on lower ship rates, but posting weekly profits

The Baltic Exchange Baltic Sea Transport Index fell on Friday, pressed at a lower rate at all ship segments. However, higher prices in all categories of ships that are larger earlier this week caused overall weekly increases.

The main index, which are factors in tariffs for shipping shipping ships, Panamax and Supramax, down 7 points to 2,259 points. The index rose 2.5% this week.

The CAPESIZE index dropped 14 points to 3,627 points. The contract rose around 5.5% for this week.

The average daily income for cottonation vessels, which usually transports 150,000 tons of cargo such as iron ore and coal, reduced by $ 118 to $ 30,076.

Dalian Iron Ore Futures launched on Friday, taking a four -week general meeting and completing a lower week, suppressed by the European Commission’s plan to impose steep tariffs on Chinese steel imports.

The Panamax index released 3 points to 1,832 points. The contract dropped 0.7% this week.

The average daily income for Panamax ships, which usually carry 60,000-70,000 tons of coal or seeds, down $ 33 to $ 16,484.

Among the smaller ships, the Supramax index fell 4 points at 1,479 points. The index dropped by about 0.7% for this week.
Source: Reuters