A chart: Baltic index posts biggest weekly gain in four months as capesize prices rise
2025-07-18 22:24:49
The latest data shows that the Baltic Dry Index (BDI) reported 2052 points on July 18, 2025, a new high since September 30, 2024, up 1.08% month-on-month (compared with the previous value), and it has risen for 7 consecutive days (including 0 growth). According to the comprehensive short-term table, the growth of the latest 11 BDI data is: 8 positive growths, 2 negative growths, and 1 zero growth. Among them, the Panamax Freight Index (BPI) reported 1919 points, down 0.72% from the previous value, the Capesize Freight Index (BCI) reported 3084 points, up 2.09%, and the Supramax Index (BSI) reported 1346 points, up 0.82%. 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 ocean freight index, a measure of how much it costs to move ships carrying dry bulk commodities, surged on Friday, heading for its biggest weekly gain in more than four months, supported by a steady rise in Capesize rates.
The main index tracking rates for Capesize, Panamax and Supramax vessels rose 22 points, or 1.1%, to 2,052, its highest level since Sept. 30, 2024. The contract was on track for its biggest weekly percentage gain since late February.
The Capesize index rose 63 points, or 2.1%, to 3,084, its highest level in a month. The contract has risen more than 43% this week.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, rose by $520 to $25,575.
Dalian iron ore futures climbed to their highest close in 4-1/2 months and headed for a fourth straight week of gains as an upbeat demand outlook and expectations of further policy support from Beijing boosted sentiment.
The panamax index fell 14 points, or 0.7%, to 1,919. However, it was up more than 3% this week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $127 to $17,272.
Among smaller vessels, the supramax index rose 11 points, or 0.8%, to 1,346.
The Baltic Exchange's main ocean freight index, a measure of how much it costs to move ships carrying dry bulk commodities, surged on Friday, heading for its biggest weekly gain in more than four months, supported by a steady rise in Capesize rates.
The main index tracking rates for Capesize, Panamax and Supramax vessels rose 22 points, or 1.1%, to 2,052, its highest level since Sept. 30, 2024. The contract was on track for its biggest weekly percentage gain since late February.
The Capesize index rose 63 points, or 2.1%, to 3,084, its highest level in a month. The contract has risen more than 43% this week.
Average daily earnings for capesize vessels, which typically carry 150,000 tonnes of cargoes such as iron ore and coal, rose by $520 to $25,575.
Dalian iron ore futures climbed to their highest close in 4-1/2 months and headed for a fourth straight week of gains as an upbeat demand outlook and expectations of further policy support from Beijing boosted sentiment.
The panamax index fell 14 points, or 0.7%, to 1,919. However, it was up more than 3% this week.
Average daily earnings for Panamax vessels, which typically carry 60,000-70,000 tonnes of coal or grain, fell $127 to $17,272.
Among smaller vessels, the supramax index rose 11 points, or 0.8%, to 1,346.
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