The Baltic Exchange's main sea freight index fell 1.2% to 2,214 points on Friday, reversing a 2.5% rise in the previous session, amid weakness across all its vessel segments. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, declined 2.2% to 2,381 points; and the panamax index, which tracks about 60,000 to 70,000 tonnes of coal and grains cargoes, went down by 0.3% to 2,4877 points. Among smaller vessels, the supramax index lost 16 points to 2,290 points. The benchmark index posted its second straight weekly fall of about 5%.
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 July of 2022.
Baltic Exchange Dry Index is expected to trade at 2114.59 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 1842.27 in 12 months time.