Baltic Index hits near two-month high as capesize vessels rally
2025-09-16 22:49:12
The latest data shows that the Baltic Dry Index (BDI) reached 2154 points on September 16, 2025, reaching a new high since July 28, 2025. It rose 0.05% month-on-month (compared to the previous value), marking the third consecutive day of increases (including zero increases). A comprehensive short-term chart shows that the BDI showed eight positive increases, three negative increases, and zero zero increases over the past 11 days. The Panamax Index (BPI) was at 1968 points, down 1.75% from the previous value; the Capesize Index (BCI) was at 3189 points, up 1.11%; and the Supramax Index (BSI) was at 1491 points, down 0.13%. 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, held steady near a two-month high as rising rates for Capesize vessels offset a decline in smaller vessels.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels rose 1 point to 2,154, its highest level since July 28.
The capesize index rose 35 points, or 1.1%, to 3,189, its highest level since August 18.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargo such as iron ore and coal, rose by $287 to $26,443.
Iron ore futures rebounded on Tuesday, supported by a rebound in Chinese steel production. The rise in steel benchmark prices reflected improved market sentiment despite weak real estate data.
Meanwhile, the Panamax index extended losses, falling 35 points, or 1.8%, to 1,968, its lowest level in a week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $315 to $17,712.
Among smaller vessels, the supramax index fell 2 points to 1,491.
The Baltic Exchange's dry bulk shipping index, which monitors freight rates for ships transporting dry bulk commodities, held steady near a two-month high as rising rates for Capesize vessels offset a decline in smaller vessels.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels rose 1 point to 2,154, its highest level since July 28.
The capesize index rose 35 points, or 1.1%, to 3,189, its highest level since August 18.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargo such as iron ore and coal, rose by $287 to $26,443.
Iron ore futures rebounded on Tuesday, supported by a rebound in Chinese steel production. The rise in steel benchmark prices reflected improved market sentiment despite weak real estate data.
Meanwhile, the Panamax index extended losses, falling 35 points, or 1.8%, to 1,968, its lowest level in a week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $315 to $17,712.
Among smaller vessels, the supramax index fell 2 points to 1,491.
- 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.
