Baltic dry index firms on Capesize surge despite weaker Panamax and Supramax markets

The Baltic dry bulk index increased d-o-d by 0.5% (11 points) to 2,204 on 16 Dec due to a rebound in Capesize rates, driven by firmer iron ore and coal chartering. This more than offset declines in Panamax and Supramax segments, where softer grain/minor bulk demand, rising vessel availability pressured rates.

• Capesize: BCI rose 3.1% (115 points) to 3,834.
• Panamax: BPI fell 4.1% (67 points) to 1,577.
• Supramax: BSI dropped by 1.8% (25 points) to 1,335.