The Baltic Dry Index surged 9.4 percent to 1,325 in the third week of December, its highest level since October 28th and extending a 1.2% advance in the prior week, as higher demand for capesizes and supramax vessels offset a dip in panamax. The capesize index, which tracks iron ore and coal cargos soared 25.7% for the week to 1,802, the highest since November 3rd and the biggest weekly gain in eleven weeks. Also, the supramax index climbed 2.5% to 1,057. On the other hand, the panamax index, which measures coal or grain cargos fell 4.3% to 1,402, the lowest since December 9th. Considering Friday only, the Baltic Dry Index rose 1.8%, mainly due to higher rates for the capesize vessel segment (+5.7%). source: Baltic Exchange
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 December of 2020.
Baltic Exchange Dry Index is expected to trade at 1224.30 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 965.79 in 12 months time.