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Baltic Dry Index Falls 1% as Large Vessel Freight Rates Weaken
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The Baltic Dry Index (BDI) fell 33 points, or 1%, to close at 3,327 points on September 16, driven by weakening freight rates for large vessels, according to foreign media reports cited by Jin10 Futures. The Capesize Index (BCI) dropped 75 points, or 1.3%, to 5,612 points, with daily earnings for Capesize vessels decreasing by $675 to $47,397. The Panamax Index (BPI) fell 39 points, or 1.6%, to 2,325 points, and daily earnings for Panamax vessels declined by $349 to $20,927. In contrast, the Supramax Index (BSI) rose 12 points, or 0.7%, to 1,748 points, while the Handysize Index (BHSI) remained unchanged at 961 points. The report highlights mixed performance across vessel segments, with larger vessel rates declining and smaller vessel rates showing slight gains.
Source report
Jin10 Futures, September 16 — The Baltic Dry Index (BDI) fell due to weak freight rates for large vessels, according to foreign media reports.
The BDI dropped 33 points, or 1%, from the previous trading day, closing at 3,327 points.
Key Index Movements
- Capesize Index (BCI): Declined 75 points, or 1.3%, to 5,612 points. Daily earnings for Capesize vessels decreased by $675 to $47,397.
- Panamax Index (BPI): Fell 39 points, or 1.6%, to 2,325 points. Daily earnings for Panamax vessels dropped by $349 to $20,927.
- Supramax Index (BSI): Rose 12 points, or 0.7%, to 1,748 points.
- Handysize Index (BHSI): Remained unchanged from the previous day at 961 points.
Source
金十数据Neutral / independent
Part of this Story
Baltic Dry Index falls 2.47% to near three-week low as large vessel rates weaken