The Baltic Dry index, which measures the cost of shipping goods worldwide fell 3.1% to 1,279 points on Friday, the lowest since December of 2020 and extending losses for the second straight session. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, slumped by 12.8% to 756 points, and the panamax index, which tracks about 60,000 to 70,000 tonnes of coal and grains cargoes, as down for the 19th straight session, falling 3.5% to 1,688 points. Meanwhile, the supramax index gained 37 points to 1,735 points, rising for the sixth consecutive session. On the week, the Baltic Dry index lost 13.4%, its fifth consecutive decline, pressured by weak demand across the larger vessel segments. .

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 August of 2022.

Baltic Exchange Dry Index is expected to trade at 1408.91 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 1222.96 in 12 months time.

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Baltic Exchange Dry Index

Price Day Month Year
Baltic Dry 1,279.00 -41.00 -3.11% -39.47% -68.74%
CRB Index 312.51 1.84 0.59% 1.95% 42.08%
LME Index 3,834.10 0 0% 5.96% -5.96%
S&P GSCI 3,685.11 25.26 0.69% -0.56% 52.47%
EU Carbon Permits 98.01 1.97 2.05% 24.32% 80.23%
Wind Energy Index 319.09 -2.59 -0.81% 7.57% -10.03%
Nuclear Energy Index 1,450.27 -16.20 -1.10% 5.53% 7.52%
Solar Energy Index 408.95 -15.27 -3.60% 17.29% 4.16%

Baltic Exchange Dry Index
The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargoes of about 150,000 tonnes; Panamax, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes; and Supramax, with a carrying capacity between 48,000 and 60,000 tonnes. The Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains and many other commodities.
Actual Previous Highest Lowest Dates Unit Frequency
1279.00 1320.00 11793.00 290.00 1985 - 2022 points Daily