A chart: Baltic shipping ended its three-day winning streak as capesize rates fell
2025-10-09 23:53:05
The latest data shows that the Baltic Dry Index (BDI) was at 1923 points on October 9, 2025, a four-day low and down 2.04% month-on-month (compared to the previous value), marking the largest drop since October 2, 2025. Looking at the short-term chart, the growth of the last 11 BDI data points is as follows: 4 positive growths, 7 negative growths, and 0 zero growths. Among them, the Panamax Index (BPI) was at 1730 points, up 2.06% from the previous value, the Capesize Index (BCI) was at 2786 points, down 4.72%, and the Supramax Index (BSI) was at 1403 points, down 0.57%. For the latest 720-day and 10-year charts of the Baltic Dry Index and its three major sub-items, please see the custom charts.
The Baltic Exchange's dry bulk shipping index, which monitors freight rates for ships transporting dry bulk commodities, edged lower on Thursday, snapping a three-day winning streak, as it came under pressure from falling capesize rates.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 40 points to 1,923.
The capesize index fell after four consecutive days of gains, dropping 138 points to 2,786 points.
Average daily earnings for capesize vessels, which typically carry 150,000 tonne cargoes such as iron ore and coal, fell $1,151 to $23,101.
“Overall market sentiment still points to a downward revision next month. Once market activity stabilizes after the holiday season, underlying fundamentals and some seasonal weakness may put pressure on freight rates again,” said Yiannis Parganas, head of research at Intermodal Shipbrokers.
Iron ore futures rose on Thursday, supported by Chinese steel mills restocking after the National Day holiday, but profit margins and concerns about steel trade restrictions weighed on market sentiment.
Meanwhile, the Panamax index hit its highest point in more than a week, rising 35 points to 1,730, its highest level since September 30.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $316 to $15,568.
Among smaller vessels, the supramax index fell for the tenth consecutive session, down 8 points to 1,403 points.
The Baltic Exchange's dry bulk shipping index, which monitors freight rates for ships transporting dry bulk commodities, edged lower on Thursday, snapping a three-day winning streak, as it came under pressure from falling capesize rates.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 40 points to 1,923.
The capesize index fell after four consecutive days of gains, dropping 138 points to 2,786 points.
Average daily earnings for capesize vessels, which typically carry 150,000 tonne cargoes such as iron ore and coal, fell $1,151 to $23,101.
“Overall market sentiment still points to a downward revision next month. Once market activity stabilizes after the holiday season, underlying fundamentals and some seasonal weakness may put pressure on freight rates again,” said Yiannis Parganas, head of research at Intermodal Shipbrokers.
Iron ore futures rose on Thursday, supported by Chinese steel mills restocking after the National Day holiday, but profit margins and concerns about steel trade restrictions weighed on market sentiment.
Meanwhile, the Panamax index hit its highest point in more than a week, rising 35 points to 1,730, its highest level since September 30.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $316 to $15,568.
Among smaller vessels, the supramax index fell for the tenth consecutive session, down 8 points to 1,403 points.
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