The Baltic Exchange's main sea freight index, a measure of global shipping costs, advanced for a seventh day in a row on Thursday, rising 3.1% to an over three-week high of 1,901 points, on strong demand across all vessel segments. The capesize index, known for transporting 150,000-ton cargoes like iron ore and coal, increased by 3.1% to 2,845 points; and the panamax index, which typically carries 60,000-70,000 tons of coal or grain cargo, was up for the sixth consecutive session, adding 3.9% to 1,876 points. Among smaller vessels, the supramax index was up by 28 points, or 2.1%, to 1,365 points.
Baltic Dry decreased 193 points or 9.22% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. 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 April 18 of 2024.
Baltic Dry decreased 193 points or 9.22% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index is expected to trade at 1818.23 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 2110.77 in 12 months time.