Baltic index climbs to one-week high as freight rates for all vessels rise
2025-09-08 22:14:18

The Baltic Exchange's dry bulk shipping index, which monitors freight rates for ships transporting dry bulk commodities, hit a one-week high on Monday, driven by rising freight rates across all vessel types.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels rose 40 points, or 2%, to 2,019, its highest level since Sept. 1.
The Capesize index also rose to a one-week high, rising 77 points, or 2.7%, to 2,912, its highest level since September 1.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, rose by $637 to $24,150.
Iron ore futures rose for a fifth straight session on Monday, supported by a sharp drop in shipments from major suppliers and strong steel exports from top consumer China.
The Panamax index rose 44 points, or 2.4%, to 1,846, reaching its highest level since August 29.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose by $392 to $16,613.
Among smaller vessels, the supramax index rose 8 points, or 0.6%, to 1,464.
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