Baltic Dry Index Extends Rally Into 7th Day

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, eased for the second straight session on Tuesday, dropping 2.2% to its lowest since October 19 at 2,590 points. All vessel segments moved lower, with the downturn particularly pronounced among larger vessels. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, was also down for the second day, slipping by 3.6% to a one-week low of 3,821 points, likely tracking lower iron ore prices amid increased supply from major suppliers and sluggish demand for the commodity. At the same time, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell by 0.4% to its lowest since April 13 at 1,866 points, extending its losing streak to 15 successive sessions. Among smaller vessels, the supramax index decreased by 0.5% to its lowest since October 14 at 1,846 points.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, snapped its three-day winning streak on Monday, dropping by 2.4% to its lowest since October 27 at 2,648 points. Declines were seen across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, slipped nearly 4% to 3,963 points, after three consecutive sessions of advances. At the same time, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, decreased by 0.8% to its lowest since April 13 at 1,874 points, extending its losing streak to 14 consecutive sessions. Among smaller vessels, the supramax index fell by 0.5% to a fresh low since October 15 at 1,856 points.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a third session on Friday, rising marginally by 0.1% to its highest since October 13 at 2,714 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also increased for the third day, rising by 0.9% to its highest since October 12 at 4,126 points. Meanwhile, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell further by 1.7% to its lowest level since April 13 at 1,889 points. Among smaller vessels, the supramax index decreased by 0.3% to its lowest since October 15 at 1,865 points. The benchmark posted a weekly gain of 2% but dropped more than 12% in October.