A chart shows the Baltic Index remains stable, with gains for Panamax offsetting declines for Capesizes.
2025-10-22 23:04:47
The latest data shows that the Baltic Dry Index (BDI) was at 2092 points on October 22, 2025, down 0.10% month-on-month (from the previous value), marking the largest drop since October 15, 2025. A comprehensive short-term chart shows that the BDI showed six positive growth periods, four negative growth periods, and one zero growth period over the past 11 days. The Panamax Index (BPI) was at 1904 points, up 2.48% from the previous value; the Capesize Index (BCI) was at 3159 points, down 0.79%; and the Supramax Index (BSI) was at 1397 points, down 1.20%. 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 freight rates for ships transporting dry bulk commodities, was little changed on Wednesday as gains for Panamax vessels offset declines in Capesize rates.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 2 points, or 0.1%, to 2,092.
The Capesize index snapped a four-day winning streak, falling 25 points, or 0.8%, to 3,159.
Average daily earnings for Cape vessels, which typically carry 150,000-ton cargoes such as iron ore and coal, fell $205 to $26,199.
Iron ore futures rose on Wednesday as bets on easing Sino-U.S. trade tensions and more stimulus measures from Beijing to support economic growth outweighed concerns about rising ore supplies and falling steel demand.
U.S. President Donald Trump's campaign to eliminate the offshore wind industry has hit U.S. shipbuilders and port operators, who have lost hundreds of millions of dollars in government support and seen ship orders disappear.
“The Capesize market was particularly volatile as China’s newly announced port fees for US-related vessels initially sparked bullish expectations, but sentiment reversed once exemptions for Chinese-built vessels were clarified,” analysts at Intermodal said in their weekly report on Tuesday.
The Panamax index hit a more than one-month high, rising 46 points, or 2.5%, to 1,904.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $420 to $17,138.
Among smaller vessels, the supramax index fell 17 points to 1,397.
The Baltic Exchange's dry bulk shipping index, which monitors freight rates for ships transporting dry bulk commodities, was little changed on Wednesday as gains for Panamax vessels offset declines in Capesize rates.
The main index measuring freight rates for Capesize, Panamax and Supramax vessels fell 2 points, or 0.1%, to 2,092.
The Capesize index snapped a four-day winning streak, falling 25 points, or 0.8%, to 3,159.
Average daily earnings for Cape vessels, which typically carry 150,000-ton cargoes such as iron ore and coal, fell $205 to $26,199.
Iron ore futures rose on Wednesday as bets on easing Sino-U.S. trade tensions and more stimulus measures from Beijing to support economic growth outweighed concerns about rising ore supplies and falling steel demand.
U.S. President Donald Trump's campaign to eliminate the offshore wind industry has hit U.S. shipbuilders and port operators, who have lost hundreds of millions of dollars in government support and seen ship orders disappear.
“The Capesize market was particularly volatile as China’s newly announced port fees for US-related vessels initially sparked bullish expectations, but sentiment reversed once exemptions for Chinese-built vessels were clarified,” analysts at Intermodal said in their weekly report on Tuesday.
The Panamax index hit a more than one-month high, rising 46 points, or 2.5%, to 1,904.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $420 to $17,138.
Among smaller vessels, the supramax index fell 17 points to 1,397.
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