The Baltic Exchange's main sea freight index extended gains for a third straight session and rose 0.9% to 1,779 on Thursday, its highest level since January 22nd. The panamax index, which measures coal or grain cargos increased 2.4% to 2,212, its highest since February 24th; and the supramax index edged up 11 points to a fresh record high of 1,900. Meanwhile, the capesize index, which tracks iron ore and coal cargos dropped 0.2% to 1,673.
. source: Baltic Exchange
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 March of 2021.
Baltic Exchange Dry Index is expected to trade at 1643.80 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 1296.71 in 12 months time.