# Increased capesize rates push Baltic sea freight index up - Maritimes

> The Baltic Exchange's main dry bulk index rose 9 points to 1,486, led by a 5.1% jump in the capesize index to 3,259. The panamax index fell 2.76% to 1,515, with average panamax earnings down $345 a day to $12,163.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67886-increased-capesize-rates-push-baltic-sea-freight-index-up-maritimes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower panamax earnings reduce the freight cost pressure on grain cargoes of 60,000-70,000 tonnes, while capesize strength mainly reflects iron ore and coal demand rather than feed grains.

## Read by commodity

- OCEANFRT: neutral

## Sources

- maritimes.gr: https://maritimes.gr/en/increased-capesize-rates-push-baltic-sea-freight-index-up/

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