Baltic Dry Index Down for 3rd Day
2026-06-24 13:07
By
Luisa Carvalho
1 min. read
The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, eased for the third session on Wednesday, falling about 1.2% to its lowest since April 20 at 2,634 points.
The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, dropped about 2.4% to its lowest since June 18 at 3,950 points; and the supramax decreased by 0.7% to 1,693 points.
On the other hand, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose 1.3% to 2,071 points.
Shipbroker Allied noted that while dry bulk and product tankers have shown early signs of recovery, market traffic remains below long-term averages as participants assess the durability of the current US-Iran framework.