Higher capesize rates help Baltic index snap 3-session losing streak

The Baltic Exchange’s main sea freight index .BADI, tracking rates for ships carrying dry bulk commodities, snapped its three-session losing streak on Monday, supported by an uptick in capesize vessel rates.
The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up by 18 points, or 1.7%, at 1,083.
The capesize index gained 40 points, or about 3.9%, to 1,072 – its biggest daily percentage gain in almost three weeks.
Average daily earnings for capesize vessels, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, increased by $326 to $8,887.
Iron ore futures clung to modest gains amid optimism over top global steel producer China’s policy support for its struggling property sector.
The panamax index was unchanged from the previous session at 1,478.
Average daily earnings for panamax vessels, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, edged up by $5 to $13,305.
Among smaller vessels, the supramax index rose 15 points or 1.5% to 995, hitting it highest level since May 24.
Source: Reuters reporting by Daksh Grover in Bengaluru and edited by Saumyadeb Chakrabarty
Related News.
September 3, 2026
Cyprus Maritime Innovation takes Centre Stage at SMM Hamburg 2026
Underscoring its expanding role as a premier international hub for cutting-edge maritime technology and sustainable shipping, the Republic of Cyprus…
September 3, 2026
Trump seeks to refill US oil reserve with Venezuela deal but faces long delay
U.S. President Donald Trump said on the 30th (local time) that he would refill the U.S. Strategic Petroleum Reserve, which has been depleted with…
September 3, 2026
US Navy Official visits South Korean Shipyards in private
With U.S. President Donald Trump pushing a plan to allow overseas construction of U.S. warships, attention is focusing on whether the building of…
September 3, 2026
SES and De Boer Marine expand collaboration with FlexMaritime deployment across Global Markets
SES, a leading space solutions company, and De Boer Marine, a leading provider of top-quality marine equipment and maritime connectivity services,…
September 3, 2026
New ESG guidance to help maritime industry turn sustainability into commercial advantage
New framework helps shipowners and ports align ESG strategy with access to capital, charterer expectations and long-term asset value. Maritime…
September 3, 2026
Britannia P&I Club analysis finds four in five crew deaths linked to illness rather than accidents
New report highlights cardiovascular disease as leading cause of fatalities and raises concerns over mental health risks among younger seafarers.…
September 3, 2026
The Swedish Club launches new Loss Prevention podcast, Knot Another Lesson
The Swedish Club has launched Knot Another Lesson, a new podcast exploring the practical lessons, emerging risks and operational challenges shaping…
September 3, 2026
Lloyd’s Register appoints Jens Grunenberg as Senior Representative for Germany
Lloyd’s Register has appointed Jens Grunenberg as its Senior Representative for Germany, effective 1 September. Based in Hamburg, Grunenberg will…
September 3, 2026
Indian Register of Shipping sets sights on Hamburg for European Expansion
Indian Register of Shipping, a leading international classification society and full member of the International Association of Classification…
September 3, 2026
MOL completes Merger of 6 Ship Management Companies
Unifying Management of Over 200 Vessels and Strengthening Safety Mitsui O.S.K. Lines, announced that it has completed the integration of the MOL…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























