A chart shows that the Baltic Dry Index remained flat, while Capesize tanker prices rose to a one-week high.
2025-10-30 22:39:12
The latest data shows that the Baltic Dry Index (BDI) was 1961 points on October 30, 2025, unchanged from the previous month. Looking at the short-term charts, the BDI saw positive growth 4 times, negative growth 5 times, and zero growth 2 times in the last 11 BDI readings. Specifically, the Panamax Freight Index (BPI) was 1849 points, down 1.91% from the previous month; the Capesize Freight Index (BCI) was 2945 points, up 3.59%; and the Supramax Freight Index (BSI) was 1336 points, down 0.45%. For detailed 720-day and 10-year trend charts of the Baltic Dry Index and its three main sub-indices, please refer to the specially designed charts.
Supported by rising freight rates for Capesize vessels, the Baltic Dry Index (which monitors freight rates for vessels transporting dry bulk commodities) continued its upward trend on Thursday.
The main index, the Baltic Dry Index, which takes into account freight rates for Capesize, Panamax, and Supramax vessels, remained unchanged at 1,961 points.
The Capesize index rose 102 points, or 3.6%, to 2,945, a one-week high.
The average daily earnings of Capesize vessels transporting 150,000 tons of cargo, such as iron ore and coal, increased by $848 to $24,428.
Iron ore futures prices fell on Thursday after profit-taking emerged following a meeting between the leaders of the world's two largest economies.
U.S. President Donald Trump announced on Thursday that he and Chinese President Xi Jinping have reached an agreement to lower tariffs in exchange for China’s efforts to curb fentanyl trafficking, resume U.S. soybean imports, and maintain rare earth exports.
The two presidents also agreed to suspend tit-for-tat port fees imposed on shipping, a move aimed at preventing dominance in shipbuilding, ocean freight, and logistics.
Meanwhile, the Panamax index fell for the fourth consecutive trading day, dropping 36 points, or 1.9%, to 1,849 points, its lowest level since October 20.
The average daily earnings of Panamax vessels (typically carrying 60,000-70,000 tons of coal or grain) fell by $319 to $16,643.
"Overall, sentiment in the Panamax market has turned cautious, and the market appears poised for a pullback after recent highs," Fearnleys, a ship brokerage firm, wrote in a weekly report released Wednesday.
Among smaller vessels, the Very Large Vessel Index dropped 6 points to 1,336.
Supported by rising freight rates for Capesize vessels, the Baltic Dry Index (which monitors freight rates for vessels transporting dry bulk commodities) continued its upward trend on Thursday.
The main index, the Baltic Dry Index, which takes into account freight rates for Capesize, Panamax, and Supramax vessels, remained unchanged at 1,961 points.
The Capesize index rose 102 points, or 3.6%, to 2,945, a one-week high.
The average daily earnings of Capesize vessels transporting 150,000 tons of cargo, such as iron ore and coal, increased by $848 to $24,428.
Iron ore futures prices fell on Thursday after profit-taking emerged following a meeting between the leaders of the world's two largest economies.
U.S. President Donald Trump announced on Thursday that he and Chinese President Xi Jinping have reached an agreement to lower tariffs in exchange for China’s efforts to curb fentanyl trafficking, resume U.S. soybean imports, and maintain rare earth exports.
The two presidents also agreed to suspend tit-for-tat port fees imposed on shipping, a move aimed at preventing dominance in shipbuilding, ocean freight, and logistics.
Meanwhile, the Panamax index fell for the fourth consecutive trading day, dropping 36 points, or 1.9%, to 1,849 points, its lowest level since October 20.
The average daily earnings of Panamax vessels (typically carrying 60,000-70,000 tons of coal or grain) fell by $319 to $16,643.
"Overall, sentiment in the Panamax market has turned cautious, and the market appears poised for a pullback after recent highs," Fearnleys, a ship brokerage firm, wrote in a weekly report released Wednesday.
Among smaller vessels, the Very Large Vessel Index dropped 6 points to 1,336.
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