The Baltic Dry Bulk Freight Index (BDI) is an authoritative index to measure international shipping and a leading index to reflect international trade. The index is released by the Baltic Shipping Exchange and consists of the freight rates of several traditional dry bulk carrier routes., a comprehensive index composed of their respective importance and proportion in the shipping market. The Baltic Dry Bulk Freight Index ended its six-game losing streak.

The Baltic Dry Index experienced a period of volatility in November 2024, especially before November 20, when the index fell for six consecutive trading days. However, on November 26, the index finally ended This downward trend has seen a significant rebound.

Impact of higher capesize rates on Baltic Dry Index

Capesize shipping price index rose:According to the latest data, on November 26, 2024, the Capesize Shipping Price Index (BCI) rose 166 points to 2,779 points, an increase of 6.35%, the highest since November 20. This upward trend directly boosted the Baltic Dry Bulk Freight Index.

Increase in average daily profit of capesize ships:With the increase in freight rates, the average daily profit of capesize ships has also increased significantly. Data shows that the average daily profit of capesize ships has increased by US $1,376 to US $23,049. This increase reflects the recovery of the capesize shipping market.

Panamax shipping price index falls:In sharp contrast to the Capesize Shipping Price Index, the Panamax Shipping Price Index (BPI) fell during the same period. Data showed that the Panamax Shipping Price Index fell 12 points to 1,056 points, a decrease of 1.12%, and It hit a more than one-year low. The average daily profit of Panamax ships also fell by US $111 to US $9,503.

Supramax shipping price index rose slightly:Among small ships, the Supramax Shipping Price Index (BSI) rose slightly. Data showed that the Supramax Shipping Price Index rose 1 point to 985 points, an increase of 0.10%.