A chart: Baltic Index falls due to low capesize rates
2025-09-11 22:03:11
The latest data shows that the Baltic Dry Index (BDI) was at 2111 points on September 11, 2025, down 0.05% from the previous value, marking the largest drop since September 3, 2025. A comprehensive short-term chart shows that the BDI showed six positive growths, five negative growths, and zero zero growths over the past 11 days. The Panamax Index (BPI) was at 1998 points, up 1.16% from the previous value; the Capesize Index (BCI) was at 3041 points, down 0.98%; and the Supramax Index (BSI) was at 1484 points, up 0.41%. 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 dry bulk shipping index, which monitors freight rates for ships transporting dry bulk commodities, fell on Thursday due to weak Capesize rates.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 1 point, or 0.1%, to 2,111.
The capesize index fell 30 points, or 1%, to 3,041.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, fell $247 to $25,218.
Iron ore futures fell on Thursday as a buildup of steel inventories in top consumer China during peak demand season weighed on market sentiment.
The Panamax index hit a more than one-year high, rising 23 points, or 1.2%, to 1,998, reaching its highest level since May 2024.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $205 to $17,983.
Among smaller vessels, the supramax index rose 6 points, or 0.4%, to 1,484.
The Baltic Exchange's dry bulk shipping index, which monitors freight rates for ships transporting dry bulk commodities, fell on Thursday due to weak Capesize rates.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 1 point, or 0.1%, to 2,111.
The capesize index fell 30 points, or 1%, to 3,041.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, fell $247 to $25,218.
Iron ore futures fell on Thursday as a buildup of steel inventories in top consumer China during peak demand season weighed on market sentiment.
The Panamax index hit a more than one-year high, rising 23 points, or 1.2%, to 1,998, reaching its highest level since May 2024.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $205 to $17,983.
Among smaller vessels, the supramax index rose 6 points, or 0.4%, to 1,484.
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