- Index drops on Capesize, Panamax weakness
- Supramax steady but offers limited support
The Baltic Dry Index (BDI) dropped d-o-d by 1.23% (38 points) to 3,054 on 19 May 2026, pressured by softer activity in the Capesize and Panamax segments, while the Supramax market remained marginally firm.
Segment-wise trends
- Capesize: The Baltic Capesize Index (BCI) fell by 1.3% (64 points) to 4,949, amid relatively slower iron ore fixture activity and cautious chartering sentiment. However, underlying market tone remained supported by steady miner demand and firm Atlantic basin activity.
- Panamax: The Baltic Panamax Index (BPI) declined by 2% (52 points) to 2,459, weighed down by limited fresh cargo enquiries and slower grain and coal movement across key routes. Market participants remained cautious amid uneven demand visibility.
- Supramax: The Baltic Supramax Index (BSI) edged up by 0.13% (2 points) to 1,568, supported by steady minor bulk cargo movement and improved vessel utilisation in select Asian regions. Sentiment remained stable-to-firm with balanced tonnage availability.
Outlook
The Baltic Dry Index is expected to remain under pressure in the near term. Capesize rates may stay supported on steady iron ore trade and firm bunker prices, while Panamax sentiment could remain weak amid sluggish cargo activity. Meanwhile, the Supramax segment is likely to stay stable on balanced vessel supply and steady minor bulk demand.
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