# Baltic index falls to 2-week low as panamax, supramax rates slip

> The Panamax index dropped 108 points, or 3.7%, to 2,849. Average daily earnings for Panamax vessels fell by $965 to $25,645. The decline was reported as a two-week low for the index as Panamax and supramax rates slipped.

- Date: 2022-01-10 · published 2022-01-10T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/43055-baltic-index-falls-to-2-week-low-as-panamax-supramax-rates-slip
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower Panamax and supramax earnings point to softer demand for shipping grain and coal, which reduces freight costs for bulk grain exports.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/baltic-index-falls-2-week-low-panamax-supramax-rates-slip-2022-01-10/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.