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2025-10-28 22:03:54
Global Shipping Indices Collapse Across the Board, Sounding the Alarm for Commodity Demand: (1) The Baltic Dry Index fell 26 points, or 1.3%, to 1950 on Tuesday, hitting a new low in more than two weeks. Freight rates for all ship types weakened. (2) The Capesize Index plummeted 54 points to 2784, its lowest level since October 3rd, with average daily earnings falling $445 to $23,089. (3) Although iron ore futures saw support from China's production curbs, earnings for Capesize vessels, which primarily transport iron ore and coal, continued to contract significantly. (4) The Panamax Index fell 17 points to 1904, hitting a new one-week low, with average daily earnings falling $154 to $17,138. (5) The Supramax Index also fell 11 points to 1350. The decline in freight rates across the three major ship types reflects pressure on global commodity demand.
