A chart: Baltic Index extends decline as capesize rates fall
2025-10-15 23:59:53
The latest data shows that the Baltic Dry Index (BDI) reached 1997 points on October 15, 2025, a three-day low and down 1.24% month-on-month (from the previous value), marking the second consecutive day of decline (including zero growth). A comprehensive short-term chart shows that the BDI has experienced five positive growths, six negative growths, and zero zero growth in the last 11 data points. The Panamax Index (BPI) was at 1821 points, up 0.33% from the previous value; the Capesize Index (BCI) was at 2916 points, down 3.03%; and the Supramax Index (BSI) was at 1418 points, up 0.71%. 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, fell for a second consecutive day on Wednesday, driven by weakness in rates for large capesize vessels.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 25 points, or 1.2%, to 1,997.
The index had its worst day in two weeks on Tuesday.
The capesize index fell 91 points, or 3%, to 2,916.
Average daily earnings for Cape vessels, which typically carry 150,000-ton cargoes such as iron ore and coal, fell by $753 to $24,185.
Iron ore futures fell for a second straight session as worsening trade disputes stoked concerns about the demand outlook and steel inventories in top consumer China rose.
The United States and China on Tuesday began imposing additional port fees on ocean carriers hauling everything from holiday toys to crude oil.
“This development is expected to impact trade flows, potentially increase operating costs and introduce additional volatility to freight sentiment,” Intermodal senior analyst Nikos Tagoulis said in a weekly report.
“The avoidance of Chinese cargoes by US-linked vessels is likely to keep the available tonnage tight, providing sustained support to freight rates rather than a purely temporary spike,” Tagoulis said.
The Panamax index rose 0.3% to 1,821 points.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $49 to $16,386.
Among smaller vessels, the supramax index rose 0.7% to 1,418 points.
The Baltic Exchange's dry bulk shipping index, which monitors freight rates for ships transporting dry bulk commodities, fell for a second consecutive day on Wednesday, driven by weakness in rates for large capesize vessels.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 25 points, or 1.2%, to 1,997.
The index had its worst day in two weeks on Tuesday.
The capesize index fell 91 points, or 3%, to 2,916.
Average daily earnings for Cape vessels, which typically carry 150,000-ton cargoes such as iron ore and coal, fell by $753 to $24,185.
Iron ore futures fell for a second straight session as worsening trade disputes stoked concerns about the demand outlook and steel inventories in top consumer China rose.
The United States and China on Tuesday began imposing additional port fees on ocean carriers hauling everything from holiday toys to crude oil.
“This development is expected to impact trade flows, potentially increase operating costs and introduce additional volatility to freight sentiment,” Intermodal senior analyst Nikos Tagoulis said in a weekly report.
“The avoidance of Chinese cargoes by US-linked vessels is likely to keep the available tonnage tight, providing sustained support to freight rates rather than a purely temporary spike,” Tagoulis said.
The Panamax index rose 0.3% to 1,821 points.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $49 to $16,386.
Among smaller vessels, the supramax index rose 0.7% to 1,418 points.
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