Baltic Dry Index Climbs to Over 2-Month High

2026-03-02 16:09 By Luisa Carvalho 1 min. read

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, advanced for a second session on Monday, rising 2.2% to its highest since December 16 at 2,187 points.

All vessel segments saw increases, with investors anticipating higher freight rates due to the Iran conflict and reduced shipments from major exporters.

Container shipping giants have withdrawn from the strategically vital Strait of Hormuz and opted for the long route around Africa’s southern tip, following US and Israel strikes on Iran over the weekend.

The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, climbed 2.5% to 3,133 points; and the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, rose 1.9% to 1,979 points.

Among smaller vessels, the supramax index increased by 1.7% to 1,361 points.



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Baltic Dry Index Climbs to Over 2-Month High
The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, advanced for a second session on Monday, rising 2.2% to its highest since December 16 at 2,187 points. All vessel segments saw increases, with investors anticipating higher freight rates due to the Iran conflict and reduced shipments from major exporters. Container shipping giants have withdrawn from the strategically vital Strait of Hormuz and opted for the long route around Africa’s southern tip, following US and Israel strikes on Iran over the weekend. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, climbed 2.5% to 3,133 points; and the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, rose 1.9% to 1,979 points. Among smaller vessels, the supramax index increased by 1.7% to 1,361 points.
2026-03-02
Baltic Dry Index Snaps 2-Day Losing Run
The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, halted a two-day losing streak on Friday, rising about 1.1% to the highest since January 30 at 2,140 points. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, edged up by 0.2% to 3,056 points; and the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, rose 1.4% to 1,942 points. Among smaller vessels, the supramax index advanced 3% to 1,338 points. The benchmark index was up 4.7% for the week, but fell 1.4% for the month.
2026-02-27
Baltic Dry Index Down for 2nd Day
The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, eased for the second session on Thursday, falling 0.2% to 2,117 points, pushed down by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, dropped 2.5% to 3,051 points, mainly reflecting weaker iron ore demand and persistent oversupply pressures. On the other hand, the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, rose 1.4% to 1,916 points; and the supramax index advanced 3.5% to 1,299 points.
2026-02-26