The Baltic Exchange Dry Freight Index. The BADI Wednesday fell for the third consecutive day Yinbanama type of shipping freight rates.
Baltic Dry Freight Index fell 3 points, or 0.26 percent to 1149 points. The index measures the cost of shipping of iron ore, cement, grain, coal and fertilizer.
Baltic Panamax freight index. BPNI down 1.17% average daily earnings fell to $ 13,509. Differences analysts of Panamax the short-term prospects. The ship usually carrying capacity of 6-7 million tons of main cargo is coal and cereals. seasonal grain exports from Latin America boosted shipping demand, but these exports is expected gradually reduced.
Broker Fearnleys weekly in the Panamax market significantly in the past few weeks. This trend is now to stop may be only short-term amendments to wait for shipping costs continued to rise to the job. "
McQuilling Partners, in its market commentary that in view of the current supply of shipping capacity freight recently may rise slightly.
RS Platou Markets analyst Panamax freight is expected to decline further.
Baltic Capesize Index Baltic's capesize index rose 0.07 percent to 1495 points. |
This year since the Baltic Dry Freight Index is down about 34% of the index covering the Capesize, Panamax, super-light vessels and light vessels, the average daily profit.