A recent news article published in Trading Economics deals with the Baltic Exchange’s main sea freight index.
Baltic Exchange Dry Index – data
The Baltic Exchange’s main sea freight index, which measures the cost of shipping goods worldwide, rose by 6 points to 1,135 points on Monday, after two straight sessions of drops that sent the main index to the lowest in more than a week.
Panamax index
The panamax index, which tracks ships that usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, extended gains for the 14th straight session, advancing 2.1% to a near three-month high of 1,365 points; and the supramax index added 17 points to 745 points.
Capesize index
Meanwhile, the capesize index, which tracks vessels typically transporting 150,000-tonne cargoes such as iron ore and coal, was down for the fifth straight session, fell 1.4% to a near three-week low of 1,570 points.
Trading Economics global macro models
Baltic Exchange Dry Index is expected to trade at 1066.68 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 899.59 in 12 months time.
Historically, Baltic Exchange Dry Index reached an all time high of 11793 in May of 2008. Baltic Exchange Dry Index – data, forecasts, historical chart – was last updated on August of 2023.
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Source: Trading Economics
