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News  >  News Details

Baltic Index nears two-month high as capesizes rally

2025-09-17 21:46:34

The latest data shows that the Baltic Dry Index (BDI) reached 2180 points on September 17, 2025, reaching a new high since July 28, 2025. It rose 1.21% month-on-month (from the previous value), the largest increase since September 15, 2025, and marked the fourth consecutive day of increases (including zero increases). A comprehensive short-term chart shows that the BDI showed nine positive increases, two negative increases, and zero zero increases over the past 11 days. The Panamax Index (BPI) was at 1923 points, down 2.29% from the previous value; the Capesize Index (BCI) was at 3330 points, up 4.42%; and the Supramax Index (BSI) was at 1492 points, up 0.07%. For the latest 720-day and 10-year charts of the Baltic Dry Index and its three major sub-segments, please see the dedicated charts.

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The Baltic Exchange's main sea freight index, which monitors rates for ships transporting dry bulk commodities, rose for a fourth straight session on Wednesday, nearing a two-month high, supported by rising Capesize vessel rates.

The main index measuring freight rates for Capesize, Panamax and Supramax vessels rose 26 points, or 1.2%, to 2,180, its highest level since July 28.

The capesize index rose 111 points, or 3.5%, to 3,300, its highest level since August 14.

Average daily earnings for capesize vessels, which typically carry 150,000-tonne cargoes such as iron ore and coal, rose by $923 to $27,366.

Iron ore futures edged lower on Wednesday on major exchanges, weighed down by higher shipments from top producer Brazil and a cautious outlook for steel demand.

Meanwhile, the Panamax index fell for the third consecutive trading day, down 45 points, or 2.3%, to 1,923 points, the lowest level since September 8.

Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $404 to $17,308.

Among smaller vessels, the supramax index rose 1 point to 1,492 points.
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