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2025-09-17 21:35:21
Capesizes Led Strong Gains, Dry Bulk Index Approaches Two-Month High] ⑴ As of Wednesday, the Baltic Dry Index (.BADI) had risen for the fourth consecutive trading day, primarily driven by rising capesize freight rates, approaching a two-month high. The index (.BADI) rose 26 points, or 1.2%, to 2,180 points, reaching its highest point since July 28. ⑵ The Capesize Index (.BACI) performed particularly well, rising 111 points, or 3.5%, to 3,300 points, its highest level since August 14. Average daily earnings for Capesize vessels, which typically carry 150,000-ton bulk cargoes such as iron ore and coal, increased by $923 to $27,366. ⑶ Meanwhile, the Panamax Index (.BPNI) fell for the third consecutive trading day, dropping 45 points, or 2.3%, to 1,923 points, its lowest point since September 8. Average daily earnings for Panamax vessels, which typically carry 60,000 to 70,000 tonnes of coal or grain, fell by $404 to $17,308. Regarding smaller vessels, the Supramax Index (.BSIS) edged up 1 point to 1,492. Iron ore futures prices edged lower in the main trading markets on Wednesday, driven by increased shipments from major producer Brazil and a cautious outlook for steel demand.
