The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fifth session on Thursday, rising about 1.3% to its highest since December 2023 at 3,034 points, amid higher demand across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, increased by 1.3% to a more than five-month high of 5,139 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose 2.8% to an over two-year high of 2,195 points. Among smaller vessels, the supramax index went up by 0.5% to 1,521 points.
Baltic Dry rose to 3,034 Index Points on May 7, 2026, up 1.44% from the previous day. Over the past month, Baltic Dry's price has risen 41.84%, and is up 130.55% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. 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 May 7 of 2026.
Baltic Dry rose to 3,034 Index Points on May 7, 2026, up 1.44% from the previous day. Over the past month, Baltic Dry's price has risen 41.84%, and is up 130.55% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index is expected to trade at 2803.38 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 3206.11 in 12 months time.