One chart: Baltic Dry Index posts first weekly gain in four weeks
2025-07-12 00:19:51
The latest data shows that the Baltic Dry Index (BDI) reported 1663 points on July 11, 2025, a new high since June 25, 2025, up 13.52% month-on-month (compared with the previous value), the largest increase since February 23, 2023, and the second consecutive day of increase (including 0 growth). According to the comprehensive short-term table, the growth of the last 11 BDI data is: positive growth 3 times, negative growth 7 times, and zero growth 1 time. Among them, the Panamax Freight Index (BPI) reported 1860 points, up 7.95% from the previous value, the Capesize Freight Index (BCI) reported 2104 points, up 26.44%, and the Supramax Index (BSI) reported 1219 points, up 3.13%. For the latest 720-day trend chart and ten-year trend chart of the Baltic Dry Index + three major sub-items, please see the special chart.
The Baltic Exchange's main sea freight index, which tracks freight rates for ships carrying dry bulk commodities, rose on Friday, with the index heading for its first weekly gain in four weeks, supported by strong rates for all vessel types.
The main index tracking rates for Capesize, Panamax and Supramax vessels rose 198 points, or 13.5%, to 1,663, reaching its highest level since June 25. The contract gained 2% this week.
The Capesize index rose 440 points, or 26.4%, to 2,104. The contract posted its biggest one-day percentage gain since March 1, 2023. However, the index has fallen more than 10% this week.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargo such as iron ore and coal, rose by $3,654 to $17,453.
Iron ore futures rose and were on track for a third weekly gain on renewed hopes that a crackdown on a price war in top consumer China will pave the way for a new round of reforms to curb steel overcapacity.
The panamax index rose 137 points, or 8%, to 1,860, its highest level since June 20 last year. The contract gained 13.4% this week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $1,236 to $16,743.
“The Panamax market gained notable upward momentum this week, driven primarily by strong growth in the Atlantic shipping basin,” shipbroker Fearnleys wrote in its weekly report on Wednesday.
“Strong performance in the Atlantic had a positive spillover effect, stimulating the previously quiet Indonesian market and supporting strong performance in the Pacific.”
Among smaller vessels, the supramax index rose 37 points, or 3.1%, to 1,219.
The Baltic Exchange's main sea freight index, which tracks freight rates for ships carrying dry bulk commodities, rose on Friday, with the index heading for its first weekly gain in four weeks, supported by strong rates for all vessel types.
The main index tracking rates for Capesize, Panamax and Supramax vessels rose 198 points, or 13.5%, to 1,663, reaching its highest level since June 25. The contract gained 2% this week.
The Capesize index rose 440 points, or 26.4%, to 2,104. The contract posted its biggest one-day percentage gain since March 1, 2023. However, the index has fallen more than 10% this week.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargo such as iron ore and coal, rose by $3,654 to $17,453.
Iron ore futures rose and were on track for a third weekly gain on renewed hopes that a crackdown on a price war in top consumer China will pave the way for a new round of reforms to curb steel overcapacity.
The panamax index rose 137 points, or 8%, to 1,860, its highest level since June 20 last year. The contract gained 13.4% this week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, rose $1,236 to $16,743.
“The Panamax market gained notable upward momentum this week, driven primarily by strong growth in the Atlantic shipping basin,” shipbroker Fearnleys wrote in its weekly report on Wednesday.
“Strong performance in the Atlantic had a positive spillover effect, stimulating the previously quiet Indonesian market and supporting strong performance in the Pacific.”
Among smaller vessels, the supramax index rose 37 points, or 3.1%, to 1,219.
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