Shipping

Capesize slump drags Baltic Dry Index to six-week low

8 October 2026
2 sources

Falling Capesize charter rates pushed the Baltic Dry Index to its lowest level in more than six weeks. Average estimated Capesize earnings declined to about $35,860 per day.

On October 9, 2026, the Baltic Dry Index fell to 2,917 points, its lowest level since August 24. Capesize rates were the main source of weakness: the segment index dropped 13.9% over the week to 4,340, while estimated average earnings fell by $1,560 to $35,860 per day. The broader dry-bulk index lost 7.3% during the week.

Share this article

Related news

Shipping
16 Oct

Carriers Raise Selected Rates and Add Surcharges on Americas and Africa Trades

CMA CGM raised an Asia–South America rate, while Maersk announced a peak-season surcharge for cargo moving from South America to the US and Canada.

2 sources
Shipping
15 Oct

Global Container Freight Rates Rebound After 13-Week Decline

Drewry’s global container rate gauge rose by about 3%, led by stronger Asia–Europe pricing.

4 sources
Shipping
15 Oct

Supertanker Rates Ease from Record Highs but Remain Elevated

VLCC freight rates from the Gulf of Oman to China fell to Worldscale 776 from 841 a week earlier, while regional disruption continues to support historically high tanker earnings.

3 sources