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2025-09-12 21:38:13
[Shipping Industry Sees Hope: Freight Rates Rise Across Multiple Vessel Types, Index Hits Monthly High!] ⑴ On Friday, the Baltic Exchange's Dry Index (.BADI) surged to 2,126 points, its highest level since July 28th, up 0.7%. The index rose 7.4% for the week, its best weekly performance since July 21st, demonstrating the robust recovery momentum of the dry bulk shipping market. ⑵ All vessel types performed well. The Capesize Index (.BACI) rose 1% to 3,070 points, marking its strongest weekly performance since July 21st, with a weekly gain of approximately 8.3%. Average daily earnings for Capesize vessels increased by $239 to $25,457, signaling a recovery in demand for shipping commodities such as iron ore and coal. ⑶ The Panamax Index (.BPNI) also strengthened, rising 0.4% to 2,006 points, reaching its highest level since May 2024. The index recorded an 11.3% increase this week, the best since July 7. The average daily earnings of Panamax ships increased by US$73 to US$18,056, indicating that the demand for transporting goods such as coal or grain is picking up. ⑷ Among smaller ship categories, the Supramax Index (.BSIS) also rose 0.5% to 1,492 points, and rose 2.5% this week. The increase in freight rates for all types of ships is the main driving force behind the sharp rise in the index, indicating that the shipping industry may be ushering in a positive cyclical rebound.
