Baltic dry index continues its strong run as market fundamentals improve

The Baltic Dry Index rose by 12% (219 points) to 1,999 points on 27 Jan’26 against 26 Jan driven by stronger Panamax and Supramax gains, supported by increased grain and coal fixing and better vessel absorption. Steady Capesize earnings also added support, outweighing lingering concerns over cargo availability.

• Capesize: BCI surged 22% (589 points) to 3,215.
• Panamax: BPI increased 0.8% (13 points) to 1,625.
• Supramax: BSI up 0.4% (4 points) to 1,039.