The Baltic Dry index, which measures the cost of shipping goods worldwide, fell 2.3% to 1,556 points on Thursday, its lowest since February 8th, amid weak demand across all vessel categories. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, snapped a three-day winning streak, slumping 5.2% to 1,538 points on its worst day in a week. Also, the panamax index, which tracks about 60,000 to 70,000 tonnes of coal and grains cargoes, was down for the 13th straight session, falling 0.3% to its lowest in over three weeks at 1,927 and the supramax index shed 23 points to 1,591 points, its lowest since February 3rd.
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 1488.24 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 1292.15 in 12 months time.