Baltic Exchange Dry Index

The Baltic Exchange's dry bulk sea freight index, which measures the cost of shipping goods worldwide, was down for the third session on Thursday, falling 6.4% to an over four-month low of 976 points, as shipping activity remains subdued at the start of the year. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, slumped by 8.2% to 1,349 points; and the panamax index, which tracks about 60,000 to 70,000 tonnes of coal and grains cargoes, was down for the 14th consecutive day, dropping 3.7% to a two-and-a-half-year low of 1,084 points. Among smaller vessels, the supramax index fell for the 15th consecutive day to 715 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 January of 2023.

Baltic Exchange Dry Index is expected to trade at 1071.58 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 913.83 in 12 months time.