Baltic Index rises weekly on strength in capesizes
2025-09-19 23:51:24
The latest data shows that the Baltic Dry Index (BDI) was at 2203 points on September 19, 2025, down 0.09% from the previous value, marking the largest drop since September 3, 2025. A comprehensive short-term chart shows that the BDI showed nine positive growths, two negative growths, and zero zero growths over the past 11 days. The Panamax Index (BPI) was at 1845 points, down 1.91% from the previous value; the Capesize Index (BCI) was at 3437 points, up 0.76%; and the Supramax Index (BSI) was at 1489 points, down 0.20%. 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 rates for ships transporting dry bulk commodities, edged down on Friday due to weakness in the smaller vessel market, but capesize rates were expected to post a weekly rise.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 2 points to 2,203. However, the contract gained 3.6% this week.
The capesize index extended gains from the previous session, rising 26 points, or 0.8%, to 3,437, its highest level since July 29. The contract gained about 12% this week.
Average daily earnings for capesize vessels, which typically carry 150,000-tonne cargoes such as iron ore and coal, rose $216 to $28,504.
Iron ore futures rose on Friday, ending the week higher, boosted by stronger steel demand and pre-holiday restocking in top consumer China.
Meanwhile, the panamax index fell 36 points, or 1.9%, to 1,845, its lowest level since Sept. 5. The contract is down 8% this week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $325 to $16,603.
Among smaller vessels, the supramax index fell 3 points to 1,489. The contract fell 0.2% this week.
The Baltic Exchange's dry bulk shipping index, which monitors rates for ships transporting dry bulk commodities, edged down on Friday due to weakness in the smaller vessel market, but capesize rates were expected to post a weekly rise.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 2 points to 2,203. However, the contract gained 3.6% this week.
The capesize index extended gains from the previous session, rising 26 points, or 0.8%, to 3,437, its highest level since July 29. The contract gained about 12% this week.
Average daily earnings for capesize vessels, which typically carry 150,000-tonne cargoes such as iron ore and coal, rose $216 to $28,504.
Iron ore futures rose on Friday, ending the week higher, boosted by stronger steel demand and pre-holiday restocking in top consumer China.
Meanwhile, the panamax index fell 36 points, or 1.9%, to 1,845, its lowest level since Sept. 5. The contract is down 8% this week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $325 to $16,603.
Among smaller vessels, the supramax index fell 3 points to 1,489. The contract fell 0.2% this week.
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