The Baltic Dry index, which measures the cost of shipping goods worldwide snapped a four-day losing streak on Wednesday, rising by 0.5% to 1,394 points. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, increased by 2.3% to 1,083 points, and the supramax index added 33 points to 1,659 points, extending gains for the fourth consecutive session. Meanwhile, the panamax index, which tracks about 60,000 to 70,000 tonnes of coal and grains cargoes, was down for the 17th straight session, falling 45 points to 1,805 points.
Historically, Baltic Exchange Dry Index reached an all time high of 11793 in May of 2008. Baltic Exchange Dry Index - data, forecasts, historical chart - was last updated on August of 2022.
Baltic Exchange Dry Index is expected to trade at 1408.91 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1222.96 in 12 months time.