# Baltic index at near 3-week peak as panamax rates jump - Supply Chain Council of European Union | Scceu.org

> The Baltic Exchange main sea freight index reached a near three-week high on August 10, with the panamax index rising 2.4% to its highest in over nine months. Panamax daily earnings climbed to $14,400, while capesize earnings fell.

- Date: 2020-08-10 · published 2020-08-10T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/51812-baltic-index-at-near-3-week-peak-as-panamax-rates-jump-supply-chain-council-of
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Panamax vessels carry much of the grain and soybean trade, so higher panamax rates raise ocean freight costs for grain exports and can widen origin-destination price spreads.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- scceu.org: https://scceu.org/baltic-index-at-near-3-week-peak-as-panamax-rates-jump/

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