Baltic Dry Index continues to strengthen as Capesize rates surge

The Baltic Exchange’s dry bulk index increased 63 points d-o-d to 2,216 points on 18 Nov’25. The index climbed primarily on a sharp Capesize upswing, fuelled by stronger long-haul iron ore demand and tighter vessel supply, while the Panamax and Supramax markets remained mostly steady.

• Capesize: The BCI rose sharply by 188 points to 3,516.
• Panamax: The BPI dropped by 5 points to 1,882.
• Supramax: The BSI rose 4 points to 1,427.