Baltic Index Remains Flat on Monday
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The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, remained flat on Monday as demand for capesize vessels was offset by weaker demand for panamax vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was flat at 1,773 points.* The capesize index gained 22 points, or 0.6 percent, to 3,654 points.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such a
Low Water Hinders River Shipping in Germany
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Water levels on the Rhine and Danube in Germany remain low as a drought and heatwave continues and freight vessels cannot sail fully loaded on the rivers, traders said on Monday.The Rhine is too shallow for normal sailings from Duisburg to southern Germany, traders said. All of the German section of the Danube is too shallow for full loads, they said.“Vessels are still sailing but are sometimes operating less than half full,” one vessel broker said.
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