Baltic Index posts best monthly performance since February
2025-07-31 22:17:44
The latest data shows that the Baltic Dry Index (BDI) stood at 2003 points on July 31, 2025, up 0.40% month-on-month (from the previous value), marking the largest increase since July 24, 2025. A comprehensive short-term chart shows that the BDI has experienced six positive growth periods, five negative growth periods, and zero zero growth periods over the past 11 days. The Panamax Index (BPI) was at 1659 points, down 1.78% from the previous value; the Capesize Index (BCI) was at 3239 points, up 1.66%; and the Supramax Index (BSI) was at 1268 points, down 0.24%. For the latest 720-day and 10-year charts of the Baltic Dry Index and its three sub-segments, please see the dedicated charts.
The Baltic Exchange's main sea freight index, a measure of freight rates for ships carrying dry bulk commodities, edged up on Thursday, heading for its strongest monthly performance since February.
The main index tracking Capesize, Panamax and Supramax rates rose 8 points, or 0.4%, to 2,003. It has risen more than 34% this month.
The Capesize index rose 53 points, or 1.7%, to 3,239, marking its first monthly gain.
Capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, saw average daily earnings for the vessel rise by $436 to $26,858.
“Capesize vessels are expected to outperform the smaller ships in the dry bulk fleet in 2025 and 2026,” said Filipe Gouveia, shipping analysis manager at the Baltic and International Maritime Council (BIMCO).
“It is likely to benefit from China’s growing demand for bauxite and the expansion of iron ore mining projects in the South Atlantic,” Gouveia added.
Iron ore futures prices fell for a second consecutive trading day, dropping to their lowest level in two weeks.
The panamax index fell 30 points, or 1.8%, to 1,659 points. However, the index rose 10.6% in July.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $274 to $14,929.
Among smaller vessels, the supramax index fell 3 points, or 0.2%, to 1,268, its lowest level since mid-July.
The Baltic Exchange's main sea freight index, a measure of freight rates for ships carrying dry bulk commodities, edged up on Thursday, heading for its strongest monthly performance since February.
The main index tracking Capesize, Panamax and Supramax rates rose 8 points, or 0.4%, to 2,003. It has risen more than 34% this month.
The Capesize index rose 53 points, or 1.7%, to 3,239, marking its first monthly gain.
Capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, saw average daily earnings for the vessel rise by $436 to $26,858.
“Capesize vessels are expected to outperform the smaller ships in the dry bulk fleet in 2025 and 2026,” said Filipe Gouveia, shipping analysis manager at the Baltic and International Maritime Council (BIMCO).
“It is likely to benefit from China’s growing demand for bauxite and the expansion of iron ore mining projects in the South Atlantic,” Gouveia added.
Iron ore futures prices fell for a second consecutive trading day, dropping to their lowest level in two weeks.
The panamax index fell 30 points, or 1.8%, to 1,659 points. However, the index rose 10.6% in July.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $274 to $14,929.
Among smaller vessels, the supramax index fell 3 points, or 0.2%, to 1,268, its lowest level since mid-July.
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