BALTIC DRY INDEX
Baltic Exchange composite dry bulk shipping index. Leading indicator of global trade volumes and raw material demand.
295 daily data points from 2025-03-07 to 2026-05-02.
Current11.73/pts
Change+0.5%
All-Time High12.5/pts (2026-03-03)
All-Time Low5.1/pts (2025-06-02)
2025 Avg7/pts
Data Points295
ALL-TIME (2025–2026)
Full history. Dashed line = 2025 average (7/pts).
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        2025-03                            2025-10                     2026-05
1-YEAR
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        2025-05                            2025-11                     2026-05
CONTEXT
BDI tracks the cost of shipping dry bulk commodities (iron ore, coal, grain, fertilizers) on key maritime routes.
Comprised of Capesize (40%), Panamax (30%), Supramax (30%) vessel classes.
Hormuz impact: indirect. Tankers and container ships transit Hormuz, not typically dry bulk.
However: oil price spike → bunker fuel costs up → dry bulk rates affected. War risk insurance spreads to nearby routes.
BDI is considered a leading economic indicator — it reflects real demand for raw materials, with no speculative component.
Range: 300 (Feb 2016, crisis low) to 11,793 (May 2008, China boom peak).
Rerouting via Cape of Good Hope (avoiding Red Sea/Suez) absorbs vessel capacity → rates rise even without demand increase.
Source: Yahoo Finance (BDRY ETF proxy) / Baltic Exchange.
Updated daily. 295 data points since 2025-03-07.
LinkedIn · rmn [at] project45.pl
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