After several weeks of rising dry bulk charter rates, the Baltic Dry Index has begun to correct, falling by roughly 2.5–3.3% as of mid‑September. National and regional market reports, including a weekly Korean integrated shipping index and updates from Chinese and Japanese financial media, show aggregate indices and capesize and panamax earnings softening after the recent rally.
According to a weekly integrated market report from Korea released on September 15, 2026, the previously fast‑rising dry bulk market has shifted into decline. The Baltic Dry Index (BDI) stood at 3,507 points as of September 11, down from 3,628 a week earlier, a drop of 121 points or about 3.3%. The associated Korean Dry Cargo Index (KDCI) also edged lower, to 32,880 USD per day from 32,886 USD. The report notes that weaker capesize earnings, particularly on major ore and coal routes, have weighed on the broader market, while average panamax rates on key trades fell to 21,662 USD per day, about 1.7% below the prior week. Chinese financial news coverage has likewise reported that the Baltic Dry Index slipped around 2.47% to roughly 3,360 points in mid‑September. Japanese FX and market news platforms provide similar mid‑month readings for BDI, reinforcing the view that the earlier uptrend has reversed.
Source:
news.nate.comShare this article
Related news
Singapore freight operators raise charges as fuel and war-risk costs climb
Singapore’s statistics agency reported higher charges from sea-freight providers and forwarders as fuel prices, route disruption and war-risk costs increased.
Container freight indexes stabilize as Europe rises and U.S. routes decline
The KCCI increased 0.43% in the week of October 27, 2026, while rates to the U.S. West and East coasts fell for a second consecutive week.
SCFI rises for a third consecutive week as Europe trades strengthen
The Shanghai Containerized Freight Index rose to 3,681.34, with Far East–Europe rates increasing while US trades edged lower.