The Baltic Exchange's main sea freight index, which measures the cost of shipping goods worldwide, was down for the 16th straight session on Friday, falling about 1.9% to an over three-month low of 919 points. The capesize index, which tracks vessels typically transporting 150,000-tonne cargoes such as iron ore and coal, declined 2.5% to a more than three-month low of 1,116 points; and the panamax index, which tracks ships that usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, was unchanged at its lowest since February 22. Among smaller vessels, the supramax index shed 28 points, or about 3.3% to its lowest since late February at 819 points. The benchmark index slumped about 21.6% this week, its biggest decline since early January.

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 June of 2023.

Baltic Exchange Dry Index is expected to trade at 1108.95 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 939.48 in 12 months time.

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Baltic Exchange Dry Index

Price Day Month Year
Baltic Dry 919.00 -18.00 -1.92% -41.01% -64.10%
CRB Index 285.01 3.94 1.40% -0.83% -17.21%
LME Index 3,691.80 63.90 1.76% -5.36% -18.33%
S&P GSCI 3,150.68 54.28 1.75% -0.70% -24.12%
EU Carbon Permits 82.69 0.11 0.13% -7.19% -4.81%
Wind Energy Index 304.46 3.80 1.26% -0.28% -3.49%
Nuclear Energy Index 1,524.93 26.74 1.78% 3.53% 3.78%
Solar Energy Index 330.60 3.79 1.16% 2.80% -7.16%

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
919.00 937.00 11793.00 290.00 1985 - 2023 points Daily