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Baltic Dry Index climbs to near three‑month high as dry bulk spot and time‑charter rates surge

26 August 2026
4 sources

The Baltic Dry Index (BDI) on August 27–28, 2026 rose to its highest level in almost three months, reflecting broad-based increases in spot and time-charter rates across major dry bulk segments from capesize to panamax and supramax. The rally in the index coincides with shipping companies reporting sharply higher average daily time-charter equivalent earnings and strong fleet employment into the third quarter.

The Baltic Dry Index compiled by the Baltic Exchange reached around 3,100 points by 27–28.08.2026, its highest level in nearly three months and extending a six-session upward streak. The index rise reflects stronger earnings on both spot and time-charter deals in the capesize, panamax and supramax segments, with rates improving simultaneously across vessel classes. At the same time, financial disclosures from operators such as CMB.TECH and other listed dry bulk owners indicate a substantial increase in average daily time‑charter equivalent (TCE) rates in Q2 2026 and early Q3.

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