Baltic dry index declines d-o-d on softer bulk demand

The Baltic Dry Index decreased by 3.6% (73 points) d-o-d to 1,955 points on 04 Feb’26, pressured by weaker Capesize and Panamax earnings amid softer iron ore and coal demand, increased vessel availability, and subdued post-holiday fixing activity. This was partially offset by resilience in the Supramax segment.

  • Capesize: BCI dropped by 5.7% (181 points) to 2,994.
  • Panamax: BPI declined by 2.26% (39 points) to 1,685.
  • Supramax: BSI increased by 0.83% (9 points) to 1,092.

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