Baltic Dry Index Extends to Over 4-Month High

The Baltic Exchange dry bulk freight index climbed 1.7% to 2,567 on Friday, its highest level since December 8, extending gains for an eleventh consecutive session and posting a weekly rise of 16.6%. The capesize index, which tracks vessels carrying around 150,000 tons of cargo such as iron ore and coal, jumped 2.5% to 4,128, a more than four month high. The panamax index, typically used for 60,000 to 70,000 ton shipments of coal or grain, edged up 0.3% to 1,975, the strongest level since early March. Meanwhile, the supramax index advanced 1.2% to 1,415.

The Baltic Exchange dry bulk freight index rose 1.6% to 2,523 on Thursday, reaching its highest level since December 9, 2025 and marking a tenth consecutive day of gains. The capesize index, which tracks vessels carrying around 150,000 tons such as iron ore and coal, climbed 1.6% to 4,026, its highest in over four months. The panamax index, covering ships that transport 60,000 to 70,000 tons of coal or grain, increased 1.1% to 1,970, the strongest level since early March. Meanwhile, the supramax index gained nearly 2% to 1,398.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, rose for a ninth consecutive session on Wednesday, surging 5.5% to its highest since early December 2025 at 2,484 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also advanced for the ninth consecutive day, soaring about 8% to its highest since mid-December 2025 at 3,964 points. At the same time, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose 2.5% to a more than three-week high of 1,948 points, notching its tenth consecutive daily increase. Among smaller vessels, the supramax index advanced 2% to 1,371 points.