Baltic Dry decreased 406 points or 19.39% since the beginning of 2024
The Baltic Exchange's main sea freight index, a measure of global shipping costs, eased two points to 1,683 points on Wednesday, after an uptick in the previous session, as the supramax index shed 7 points at 1,478 points. Meanwhile, the capsize index, which typically transports 150,000-ton cargoes such as iron ore and coal, rose by 0.8% to 2,116 points, still hovering around three-month lows; and the panamax index, which usually carries about 60,000-70,000 tons of coal or grain cargo, added 2 points to 1,847 points. Forecast Baltic Dry decreased 406 points or 19.39% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index is expected to trade at 1770.77 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 2055.19 in 12 months’ time.