Baltic Dry Index Up for 3rd Day

2026-03-03 14:18 By Luisa Carvalho 1 min. read

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, advanced for a third session on Tuesday, rising 2.5% to its highest level since December 11 at 2,242 points, propelled by higher rates across segments.

The increase follows disruptions from the escalating Iran conflict, which has effectively closed the Strait of Hormuz and forced vessels onto longer routes.

Freight costs have surged as carriers adjust, while insurers pull coverage, further pressuring global shipping.

The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, surged 3.6% to a one-month high of 3,245 points; and the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, increased 1.2% to a peak since September last year at 2,002 points.

Among smaller vessels, the supramax index rose 1.6% to 1,383 points.



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Baltic Dry Index Up for 3rd Day
The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, advanced for a third session on Tuesday, rising 2.5% to its highest level since December 11 at 2,242 points, propelled by higher rates across segments. The increase follows disruptions from the escalating Iran conflict, which has effectively closed the Strait of Hormuz and forced vessels onto longer routes. Freight costs have surged as carriers adjust, while insurers pull coverage, further pressuring global shipping. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, surged 3.6% to a one-month high of 3,245 points; and the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, increased 1.2% to a peak since September last year at 2,002 points. Among smaller vessels, the supramax index rose 1.6% to 1,383 points.
2026-03-03
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 Container shipping giants have withdrawn from the strategically vital Strait of Hormuz and opted for the long route around Africa’s southern tip, following US and Israel strikes on Iran over the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