• ITVI.USA
    13,924.900
    3.330
    0%
  • OTRI.USA
    22.080
    -0.170
    -0.8%
  • OTVI.USA
    13,904.220
    5.970
    0%
  • TLT.USA
    2.650
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.480
    0.060
    2.5%
  • TSTOPVRPM.CHIATL
    2.190
    0.050
    2.3%
  • TSTOPVRPM.DALLAX
    1.400
    0.180
    14.8%
  • TSTOPVRPM.LAXDAL
    2.730
    0.160
    6.2%
  • TSTOPVRPM.PHLCHI
    1.440
    0.040
    2.9%
  • TSTOPVRPM.LAXSEA
    2.870
    -0.010
    -0.3%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    13,924.900
    3.330
    0%
  • OTRI.USA
    22.080
    -0.170
    -0.8%
  • OTVI.USA
    13,904.220
    5.970
    0%
  • TLT.USA
    2.650
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.480
    0.060
    2.5%
  • TSTOPVRPM.CHIATL
    2.190
    0.050
    2.3%
  • TSTOPVRPM.DALLAX
    1.400
    0.180
    14.8%
  • TSTOPVRPM.LAXDAL
    2.730
    0.160
    6.2%
  • TSTOPVRPM.PHLCHI
    1.440
    0.040
    2.9%
  • TSTOPVRPM.LAXSEA
    2.870
    -0.010
    -0.3%
  • WAIT.USA
    108.000
    5.000
    4.9%
American Shipper

Panamax freight index falls below 2,000 points

Panamax freight index falls below 2,000 points

   The Baltic Exchange Panamax index, a freight pricing barometer for the international shipping market for grain, coal and iron ore cargoes moving on Panamax-size vessels, fell below 2,000 points Thursday. The index closed down 50 points to 1,956, a two-year low.

   Reuters attributed the fall in dry-bulk Panamax index to a seasonal downturn in Latin American grains exports, a drop in Indian iron ore exports to China, decreasing port congestion and rising global ship supply.

   The daily Panamax index is calculated using a mixture of voyage and time charter rates on seven routes.

   Dry bulk freight indices have been knocked hard after China slowed iron-ore imports around mid-March, Reuters reported.

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