The Baltic Exchange’s dry bulk sea freight index. BADI tracking rates for ships carrying dry bulk commodities retreated on Wednesday on dips in rates across all vessels.
* The overall index. BADI, which factors in rates for Capesize, Panamax, and Supramax shipping vessels, shed 45 points, or 2.3%, to 1,902 points.
* The index touched its highest since July 15 in the last session. SHP/BALTIC
* The capesize index. BACI dipped 125 points, or 3.7%, to 3,224 points.
* Average daily earnings for capesize vessels. BATCA, which typically transports 150,000-ton cargoes, such as iron ore and coal, decreased $1,036 to $26,738.
* The panamax index. BPNI was unchanged at 1,300 points, its lowest in more than a year.
* Average daily earnings for panamax vessels. BPWT, which usually carries about 60,000-70,000 tons of coal or grain cargo, decreased $4 to $11,699.
* Prices of Dalian iron ore futures fell for the fourth consecutive session to close at their lowest in more than a year, as a slew of weak Chinese economic data weighed on sentiment in the top consumer’s steel market.
* Among smaller vessels, the supramax index. BSIS was down 9 points at 1,271.
Source: XM
