A chart: The Baltic Shipping Index fell on a weekly basis due to falling capesize rates
2025-10-24 22:40:52
The latest data shows that the Baltic Dry Index (BDI) reported 1991 points on October 24, 2025, reaching a new low since October 10, 2025. It fell 3.21% month-on-month (from the previous value), marking the largest drop since October 14, 2025, and the third consecutive day of decline (including zero growth). A comprehensive short-term chart shows that the BDI showed five positive growths, five negative growths, and one zero growth in the last 11 data points. The Panamax Index (BPI) was flat at 1924 points, the Capesize Index (BCI) was down 6.15% at 2871 points, and the Supramax Index (BSI) was down 0.65% at 1369 points. 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.
The Baltic Exchange's main sea freight index, which monitors rates for ships transporting dry bulk commodities, extended its decline on Friday and was on track for a weekly loss, pressured by falling capesize rates.
The main index measuring rates for Capesize, Panamax and Supramax vessels fell 66 points, or 3.2%, to 1,991. The index fell 3.8% for the week.
The Capesize index fell 188 points, or 6.2%, to 2,871, a three-week low. The index has fallen about 8% this week.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargo such as iron ore and coal, fell $1,556 to $28,811.
Iron ore futures fell on Friday, snapping a three-day winning streak, as prices were hit by falling steel profit margins.
The Panamax index was flat at 1,924 points, up 5.3% this week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $1 to $17,318.
Among smaller vessels, the supramax index fell 9 points to 1,369. The index fell 3.9% this week.
The Baltic Exchange's main sea freight index, which monitors rates for ships transporting dry bulk commodities, extended its decline on Friday and was on track for a weekly loss, pressured by falling capesize rates.
The main index measuring rates for Capesize, Panamax and Supramax vessels fell 66 points, or 3.2%, to 1,991. The index fell 3.8% for the week.
The Capesize index fell 188 points, or 6.2%, to 2,871, a three-week low. The index has fallen about 8% this week.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargo such as iron ore and coal, fell $1,556 to $28,811.
Iron ore futures fell on Friday, snapping a three-day winning streak, as prices were hit by falling steel profit margins.
The Panamax index was flat at 1,924 points, up 5.3% this week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $1 to $17,318.
Among smaller vessels, the supramax index fell 9 points to 1,369. The index fell 3.9% this week.
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