The Baltic Dry index, which measures the cost of shipping goods worldwide extended losses for a fourth consecutive session on Tuesday, falling by 1.2% to 1,387 points, which was the lowest in more than six months. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, decreased for the fourth consecutive session, falling 3.6% to 1,059 points, its lowest since January 27th; and the panamax index, which tracks about 60,000 to 70,000 tonnes of coal and grains cargoes, was down for the 16th straight session, falling 35 points to 1,850 points, its biggest drop in over a month. Meanwhile, the supramax index rose for a third session, up by 19 points to 1,626, posting its best day in nearly three months.
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.