A chart shows that the Baltic Dry Index has fallen, leading to a decrease in Capesize freight rates.
2025-11-11 01:32:36

The Baltic Dry Index (BDI), which monitors freight rates for ships transporting dry bulk commodities, ended its four-day upward trend due to a decline in Capesize vessel freight rates.
The main Baltic Dry Index fell 20 points, or 1%, to 2,084. This index reflects freight rates for Capesize, Panamax, and Supramax vessels.
The Capesize index fell 78 points, or 2.3%, to 3,263.
Average daily earnings for Capesize vessels carrying 150,000 tons of cargo, such as iron ore and coal, decreased by $646 to $27,063.
Iron ore prices hit multi-month lows on Monday, weighed down by weak demand from China’s largest consumer and concerns about rising port inventories, although lower shipments in the afternoon session helped to narrow some of the losses.
Meanwhile, China's Ministry of Transport said on Monday it would suspend port fees for one year on ships with ties to the United States.
The Panamax index rose 12 points, or 0.7%, to 1,845, its highest level since October 30.
The average daily earnings of Panamax vessels (typically carrying 60,000-70,000 tons of coal or grain) rose by $100 to $16,601.
The Supramax freight rate index rose 8 points to close at 1327.
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