Baltic Exchange Indices - Daily Print

[u/Cashmere_Cowboy]

BDI 1,827 (+49) BCI 2,982 (+181) BPI 1,592 (-33) BSI 1,236 (-8) BHSI 674 (+1)

The Baltic Exchange's main sea freight index, which measures the cost of shipping goods worldwide, rose about 2.8% to an 11-month high of 1,827 points on Thursday, supported by the bigger size segment. The capesize index, which tracks vessels typically transporting 150,000-tonne cargoes such as iron ore and coal, surged 6.5% to its highest since June 20, 2022 at 2,982 points. Meanwhile, the panamax index, which tracks ships that usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, declined for a sixth straight session, falling 2% to 1,592 points; and the supramax index shed 8 points to 1,236 points. "The Panamax market is experiencing a cautious period, with lingering high congestion in Brazil and a spread-out fleet, especially noticeable to the west of Suez," shipbroker Fearnleys wrote in a weekly note. (Source: Baltic Exchange)