Baltic Dry Index Hits 3-Week High
2026-02-23 14:26
By
Luisa Carvalho
1 min. read
The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was up for a second session on Monday, rising 3.4% to its highest level since February 2 at 2,112 points.
Stronger demand for large ships carrying iron ore, along with steady coal and grain shipments, outweighed marginal softness in smaller vessels amid muted minor bulk activity.
The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, advanced by 5.2% to 3,210 points; and the panamax index, which usually carries 60,000-70,000 tons of coal or grain, rose 0.8% to 1,853 points.
Among smaller vessels, the supramax index added 20 points to 1,179 points.