The Baltic Dry index, which measures the cost of shipping goods worldwide, advanced by 5.6% to 1,816 points on Friday, its highest in over a month and a half, reversing a 1.5% decline in the previous session. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, surged by 14.4% to 2,206 points; and the supramax index rose for the eighth consecutive session, adding 15 points to 1,652 points. Meanwhile, the panamax index, which tracks about 60,000 to 70,000 tonnes of coal and grains cargoes was down for the third day, decreasing by 0.2% to 1,995 points. For the week, the Baltic Dry Index gained 16.8%, notching its fourth straight weekly gain. .

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 September of 2022.

Baltic Exchange Dry Index is expected to trade at 1724.11 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 1475.50 in 12 months time.

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Baltic Exchange Dry Index

Price Day Month Year
Baltic Dry 1,816.00 96.00 5.58% 49.71% -60.90%
CRB Index 288.13 -10.03 -3.36% -9.94% 20.32%
LME Index 3,535.10 -120.20 -3.29% -7.84% -18.59%
S&P GSCI 3,369.41 -138.46 -3.95% -11.46% 25.05%
EU Carbon Permits 65.77 -4.67 -6.63% -26.30% 4.50%
Wind Energy Index 271.02 -2.29 -0.84% -14.14% -24.42%
Nuclear Energy Index 1,371.53 -7.60 -0.55% -5.54% 0.40%
Solar Energy Index 359.95 -12.29 -3.30% -12.28% -12.09%

Baltic Exchange Dry Index
The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargoes of about 150,000 tonnes; Panamax, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes; and Supramax, with a carrying capacity between 48,000 and 60,000 tonnes. The Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains and many other commodities.
Actual Previous Highest Lowest Dates Unit Frequency
1816.00 1720.00 11793.00 290.00 1985 - 2022 points Daily