Baltic Dry Index Falls for 2nd Day
2026-07-16 13:34
By
Luisa Carvalho
1 min. read
The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for the second session on Thursday, dropping about 3% to its lowest since July 6 at 2,840 points, amid continued weakness in the larger segment.
The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also fell for the second day, slipping 5.6% to an over one-week low of 4,339 points, amid profit-taking and softer chartering activity.
At the same time, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, remained broadly steady at 2,257 points, supported by stable coal and grain cargo demand across both Atlantic and Pacific basins.
Among smaller vessels, the supramax index went up 0.6% to a new high since August 2022 at 1,730 points, driven by firm demand across the minor bulk, steel, fertilizer, and grain segments.