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2025-09-16 21:09:37
Dry Bulk Freight Index Hits Two-Month High: Capacity Game and Undercurrents of Demand] ⑴ The Baltic Dry Index (BDI), which tracks dry bulk shipping rates, has recently stabilized near a two-month high, with the overall index inching up 1 point to 2154 points, reaching its highest level since July 28. The Capesize index, which carries 150,000-ton cargoes such as iron ore and coal, performed particularly well, rising 35 points, or 1.1%, to 3189 points, its highest level since August 18. Average daily earnings also rose $287 to $26,443. ⑵ Despite support from a rebound in steel production, which has boosted iron ore futures prices, and improved stock market sentiment, the Panamax index continued its decline, falling 35 points, or 1.8%, to 1968 points, a one-week low. Average daily earnings for this type of vessel also fell $315 to $17,712. In addition, the Supramax index fell slightly by 2 points to 1491 points. (3) Overall market performance showed structural differentiation, with the strong momentum of large vessels contrasting with the weakness of small vessels. This may reflect the market's preference for commodities (such as iron ore) and subtle changes in the supply and demand relationship of different ship types. While investors pay attention to the freight rate index, they should also pay attention to the macroeconomic factors and market sentiment that support these changes.
