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Baltic Dry Index Falls for 3rd Straight Session Amid Declining Large Vessel Rates

Shipping News

The Baltic Dry Index (BDI), a key benchmark for global dry bulk shipping rates, experienced its third consecutive decline as charter rates for large vessels continued to drop.

Key Highlights:

  • Capesize Vessels: The Capesize index, representing ships typically transporting iron ore and coal, fell by 89 points (4.7%) to 1,822. The average daily earnings for Capesize vessels decreased by $743, settling at $15,106.

  • Panamax Vessels: The Panamax index, covering ships that usually carry coal or grain cargoes, dropped by 40 points (2.2%) to 1,812. Average daily earnings for Panamax vessels declined by $357 to $16,312.

  • Supramax Vessels: The Supramax index saw a decrease of 13 points, bringing it down to 1,118.

The overall BDI decreased by 44 points (2.9%), reaching 1,463, marking its lowest level in over a week.

Market Insights:

The decline in rates is attributed to reduced demand for dry bulk shipping across all vessel segments. However, some optimism remains for the Capesize segment, with expectations of increased mineral demand from China potentially boosting rates in the near future.

Chỉ số panamax giảm 31 điểm, tương đương 1,9%, ở mức 1.644.

Thu nhập trung bình hàng ngày của panamaxes, thường chở than hoặc hàng hóa ngũ cốc khoảng 60.000 đến 70.000 tấn, đã giảm 280 USD xuống còn 14.796 USD.

Giá quặng sắt kỳ hạn tại Đại Liên và Singapore tăng lên mức cao nhất trong một tuần do tăng trưởng kinh tế tốt hơn dự kiến ở Trung Quốc trong quý 3 đã thúc đẩy tâm lý nhà đầu tư.

Trong các phân khúc tàu nhỏ hơn, chỉ số supramax tăng 15 điểm lên 1.113.

Nguồn: Reuters

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