The Baltic Exchange's main sea freight index extended gains for a fifth straight session and rose 1.3% to 1,853 on Monday, its highest since January 13th. The capesize index, which tracks iron ore and coal cargos advanced 2.3% to an over two-week high of 1,825; and the panamax index, which measures coal or grain cargos was up 0.8% to 2,258. Meantime, the supramax index added 16 points to touch a new record high of 1,933.
. source: Baltic Exchange
Historically, Baltic Exchange Dry Index reached an all time high of 11793 in May of 2008. Baltic Exchange Dry Index - data, forecasts, historical chart - was last updated on March of 2021.
Baltic Exchange Dry Index is expected to trade at 1712.17 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1350.65 in 12 months time.