One chart: Baltic index falls as demand for all vessel categories falls
2025-07-28 21:44:49
The latest data shows that the Baltic Dry Index (BDI) reported 2226 points on July 28, 2025, a three-day low, down 1.37% month-on-month (compared with the previous value), the largest drop since July 21, 2025, and the second consecutive day of decline (including 0 growth). According to the comprehensive short-term table, the growth of the last 11 BDI data is: 8 positive growths, 3 negative growths, and 0 zero growths. Among them, the Panamax Index (BPI) reported 1798 points, down 2.18% from the previous value, the Capesize Index (BCI) reported 3774 points, down 1.44%, and the Supramax Index (BSI) reported 1289 points, down 0.39%. For the latest 720-day trend chart and ten-year trend chart of the Baltic Dry Index + three major sub-items, please see the special chart.
The Baltic Exchange's main sea freight index measuring rates for dry bulk vessels fell on Monday, with all vessel classes in the red.
The main index tracking freight rates for capesize, panamax and supramax vessels fell 31 points, or 1.4%, to 2,226.
The capesize index fell 55 points, or 1.4%, to 3,774.
Capesize vessels, which typically transport 150,000 tonnes of cargo such as iron ore and coal, saw their average daily earnings fall by $460 to $31,296.
Prices of iron ore, a key steelmaking ingredient, also fell on Monday as investors awaited clear signals from China's upcoming top-level Politburo meeting and a new round of trade talks between the world's two largest economies.
The panamax index fell 40 points, or 2.2%, to 1,798, its lowest level since July 10.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $360 to $16,180.
Among smaller vessels, the supramax index fell 5 points, or 0.4%, to 1,289.
“We view recent trade deals between the U.S. and key partners such as the EU and Japan as a positive as they remove trade uncertainty and facilitate increased trade volumes,” Jefferies analysts said in a note.
The United States and the European Union reached a framework trade deal on Sunday that imposed 15% import tariffs on most EU goods - just half the threatened rate, averting a larger trade war between the two allies who account for nearly a third of global trade.
The Baltic Exchange's main sea freight index measuring rates for dry bulk vessels fell on Monday, with all vessel classes in the red.
The main index tracking freight rates for capesize, panamax and supramax vessels fell 31 points, or 1.4%, to 2,226.
The capesize index fell 55 points, or 1.4%, to 3,774.
Capesize vessels, which typically transport 150,000 tonnes of cargo such as iron ore and coal, saw their average daily earnings fall by $460 to $31,296.
Prices of iron ore, a key steelmaking ingredient, also fell on Monday as investors awaited clear signals from China's upcoming top-level Politburo meeting and a new round of trade talks between the world's two largest economies.
The panamax index fell 40 points, or 2.2%, to 1,798, its lowest level since July 10.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $360 to $16,180.
Among smaller vessels, the supramax index fell 5 points, or 0.4%, to 1,289.
“We view recent trade deals between the U.S. and key partners such as the EU and Japan as a positive as they remove trade uncertainty and facilitate increased trade volumes,” Jefferies analysts said in a note.
The United States and the European Union reached a framework trade deal on Sunday that imposed 15% import tariffs on most EU goods - just half the threatened rate, averting a larger trade war between the two allies who account for nearly a third of global trade.
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