The Baltic Exchange Baltic Sea Transport Index, which tracks the tariff for ships carrying dry bulk commodities, falls on Friday and posts third weekly losses in succession, weighed by weaker levels in all types of ships.
The overall index, the factors in the tariff for shipping shipping ships, Panamax and Supramax, fell 46 points to 778 points, the lowest level since February 2023. The index fell more than 21% for this week.
CAPESIZE Index (.BACI) has declined 98 points to 983 points, down to the lowest level since March 2023. The index has expanded losses to the second week in a row and down more than 29% for this week.
The average daily income for cotton vessels (.batca), which usually transports 150,000 tons of cargo such as iron ore and coal, lost $ 811 to $ 8,156.
Dalian Iron Ore Futures rose on Friday to record small weekly profits, assisted by strong demand in leading Chinese consumers, even when investors were freting for increasing trade tensions between the United States and China.
The Panamax Index (.BPNI) fell 30 points to 774 points, reaching the lowest since May 2020. The index fell for the third week in a row and down 13.7% for a week.
The average daily income for Panamax ships (.BPWT), which usually carries around 60,000-70,000 tons of coal or seeds, reduced $ 270 to $ 6,969.
Among the smaller ships, the Supramax Index (.Bsis) fell 15 points at 639 points, the lowest since February 2023. The index fell for fifteenth week in a row and dropped 14.5% for a week.
Source: Reuters
