Baltic index falls as large vessel freight rates fall
2025-08-12 21:41:57
The latest data shows that the Baltic Dry Index (BDI) reached 2017 points on August 12, 2025, a three-day low and down 1.03% month-on-month (from the previous value). This marked the largest drop since August 5, 2025, and the second consecutive day of decline (including zero growth). A comprehensive short-term chart shows that the BDI showed five positive growths, six negative growths, and zero zero growth in the last 11 data points. The Panamax Index (BPI) was at 1595 points, down 1.18% from the previous value; the Capesize Index (BCI) was at 3261 points, down 1.69%; and the Supramax Index (BSI) was at 1329 points, up 0.30%. 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 rates for ships carrying dry bulk commodities, edged lower on Tuesday as rates for both Capesize and Panamax vessels declined.
The main index tracking freight rates for Capesize, Panamax and Supramax vessels fell 21 points, or 1%, to 2,017.
The capesize index fell 56 points, or 1.7%, to 3,261.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, fell $458 to $27,048.
Iron ore futures prices rose.
Among smaller vessels, the supramax index rose 4 points, or 0.3%, to 1,329, its eighth consecutive day of gains.
The Panamax index fell for the third consecutive session, dropping 19 points, or 1.2%, to 1,595 points. The index fell to its lowest level since July 8.
Average daily earnings for Panamax vessels, which typically carry 60,000 to 70,000 tonnes of coal or grain, fell $170 to $14,359.
A Liberian-flagged oil tanker seized by the Iraqi navy has been released and is heading to the United Arab Emirates, two sources familiar with the matter told Reuters.
The Baltic Exchange's main sea freight index, a measure of rates for ships carrying dry bulk commodities, edged lower on Tuesday as rates for both Capesize and Panamax vessels declined.
The main index tracking freight rates for Capesize, Panamax and Supramax vessels fell 21 points, or 1%, to 2,017.
The capesize index fell 56 points, or 1.7%, to 3,261.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, fell $458 to $27,048.
Iron ore futures prices rose.
Among smaller vessels, the supramax index rose 4 points, or 0.3%, to 1,329, its eighth consecutive day of gains.
The Panamax index fell for the third consecutive session, dropping 19 points, or 1.2%, to 1,595 points. The index fell to its lowest level since July 8.
Average daily earnings for Panamax vessels, which typically carry 60,000 to 70,000 tonnes of coal or grain, fell $170 to $14,359.
A Liberian-flagged oil tanker seized by the Iraqi navy has been released and is heading to the United Arab Emirates, two sources familiar with the matter told Reuters.
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