Baltic index rises to over one-month high as all vessel prices rise
2025-09-09 21:53:31

The Baltic Exchange's dry bulk shipping index, which monitors freight rates for ships transporting dry bulk commodities, hit a more than one-month high on Tuesday, driven by rising freight rates for all vessel types.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels rose 60 points, or 3%, to 2,079, its highest level since July 29.
Meanwhile, the Capesize index rose to a two-week high, rising 104 points, or 3.6%, to 3,016, its highest level since August 26.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, rose by $867 to $25,017.
Iron ore futures rose for a sixth straight session on growing concerns about the supply outlook from Guinea's massive Simandou project and expectations of a recovery in demand from top consumer China.
The Panamax index rose 77 points, or 4.2%, to 1,923, reaching its highest level since July 17.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose by $698 to $17,311.
Among smaller vessels, the supramax index rose 9 points, or 0.6%, to 1,473.
- Risk Warning and Disclaimer
- The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.