• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
  • Cryptocurrency
No Result
View All Result
  • Home
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
  • Cryptocurrency
No Result
View All Result
Procurement Nation
No Result
View All Result

Baltic index sails to 1-month high as capesize, panamax rates gain

Mark White by Mark White
November 30, 2021
in Cargo
0
Latam e-commerce giant MercadoLibre revenue soars on pandemic-led boom

Nov 30 (Reuters) – The Baltic Exchange’s dry bulk sea freight index (.BADI) leaped to its highest in a month on Tuesday, propelled by a steady climb in the capesize and panamax segments.

* The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 137 points, or 4.8%, to its highest since Nov. 2 at 3,018.

* However, the index fell for a second straight month, retreating 14.2%, tracking an initial dip across vessels, which analysts attributed to factors including easing shipping congestion, higher iron ore inventories in China and thin cargo flows out of the Pacific.

Register now for FREE unlimited access to reuters.com

* The capesize index (.BACI) rose 340 points, or 8.2%, to 4,483, a peak since Oct. 28, but shed 3.1% for the month.

* Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, increased $2,058 to $31,371.

* Benchmark Chinese iron ore futures jumped over 6% fuelled by recent restocking demand at steel firms, although analysts expect weak property and infrastructure investment to slow the long-term consumption of the steelmaking ingredient.

* The panamax index (.BPNI) was up 76 points, or 2.8%, to over a two-week high at 2,811. The index posted a 28% monthly drop.

* Average daily earnings for panamaxes, which ferry 60,000-70,000 tonne coal or grain cargoes, increased $684 to $25,297.

* The supramax index (.BSIS) added 13 points to 2,340, touching its highest level in over three weeks.

Register now for FREE unlimited access to reuters.com

Reporting by Kavya Guduru in Bengaluru; Editing by Shinjini Ganguli

Our Standards: The Thomson Reuters Trust Principles.

Source link

Previous Post

OPEC oil output boost in November again falls short of target

Next Post

Canadian economy seen strengthening, but analysts wary of Omicron impact

Mark White

Mark White

Next Post
Canadian economy seen strengthening, but analysts wary of Omicron impact

Canadian economy seen strengthening, but analysts wary of Omicron impact

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 116 Followers
  • 65.3k Followers
  • 174k Subscribers
  • 23.6k Followers
  • 99 Subscribers
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest

Unpredicted crypto market tumble sends bitcoin unworthy $22,000.

August 19, 2022
Desiremovies 2022 Download Bollywood, Hollywood Movies desiremovies.com

Desiremovies 2022 Download Bollywood, Hollywood Movies desiremovies.com

August 19, 2022
Lucid is forecast to climb up at a compound yearly growth rate (CAGR) of 18.2%

Lucid is forecast to climb up at a compound yearly growth rate (CAGR) of 18.2%

August 18, 2022
KatmovieHD Bollywood Hollywood Hindi Tamil Telugu HD Movies Download

KatmovieHD Bollywood Hollywood Hindi Tamil Telugu HD Movies Download

August 18, 2022

Recent News

Unpredicted crypto market tumble sends bitcoin unworthy $22,000.

August 19, 2022
Desiremovies 2022 Download Bollywood, Hollywood Movies desiremovies.com

Desiremovies 2022 Download Bollywood, Hollywood Movies desiremovies.com

August 19, 2022
Lucid is forecast to climb up at a compound yearly growth rate (CAGR) of 18.2%

Lucid is forecast to climb up at a compound yearly growth rate (CAGR) of 18.2%

August 18, 2022
KatmovieHD Bollywood Hollywood Hindi Tamil Telugu HD Movies Download

KatmovieHD Bollywood Hollywood Hindi Tamil Telugu HD Movies Download

August 18, 2022
  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result

© 2021 Procurement Nation - Supply Chain & Logistics News