Lower Drag Drag Baltic Index Capesize Level to Level Level 1 Month

The Utik Baltic Sea Transportation Index, which tracks the tariff for ships carrying dry bulk commodities, falls for the fourth successive session on Thursday, reaching the lowest more than one month, due to a decline in capacizing ship rates.

* BBDI’s main index, which tracks the tariff for shipping shipping ships, Panamax and Supramax, has dropped 34 points, or 1.8%, to 1,893 points, reaching the lowest level since July 15.
* CAPESIZE Index (.BACI) fell 164 points, or 5.7%, to 2,703 points, the lowest point since July 16.
* The average daily income for Castesize Vessels (.batca), which usually transports 150,000 tons of cargo such as iron ore and coal, reduced by $ 1,360 to $ 22,418.
* Iron ore futures rebound as a cutting of production mandated ahead of the military parade in China seems to be less severe and shorter than expected, eliminating demand concerns.
* Meanwhile, the Panamax Index (.BPNI) rose 54 points, or 3.2%, in 1,719.
* The average daily income for Panamax ships (.BPWT), which usually carries 60,000-70,000 tons of coal or seeds, adds $ 484 to $ 15,469.
* Among the smaller ships, the Supramax Index (.Bsis) gained 17 points, or 1.2%, to 1,405.
Source: Reuters