The Baltic Alternate’s dry bulk sea freight index fell for the twelfth straight session on Friday as weak spot within the supramax and panamax segments outweighed capesize features.
The general index, which elements in charges for capesize, panamax and supramax transport vessels, fell 6 factors, or about 0.3%, to 2,055 factors, its lowest since Feb. 28. The index fell 12.8% over the week.
The capesize index added 27 factors, or 1.9%, to 1,444 factors, however was down 22.5% for the week.
Common each day earnings for capesizes, which usually transport 150,000 tonne cargoes similar to iron ore and coal, elevated by $226 to $11,979.
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The European Union ban on Russian coal imports is prone to hold international coal costs elevated.
The panamax index slipped 1 level to 2,777 factors, down virtually 10% on the week.
Common each day earnings for panamaxes, which often carry coal or grain cargoes of about 60,000 to 70,000 tonnes, fell $6 to $24,997.
The supramax index dropped 45 factors to 2,502 factors.
Supply: Reuters (Reporting by Rahul Paswan in Bengaluru; Modifying by Aditya Soni)