15.10.202513:18:48UTC+00Baltic Dry Index Falls for 2nd Day

On Wednesday, the Baltic Exchange’s dry bulk index fell by 1.2% to 1,997 points, following a notable 5.7% drop the previous day. This decline was mainly attributed to a downturn in larger vessels. The capesize index, representing vessels that transport substantial cargoes like iron ore and coal, decreased by 3%, settling at 2,916 points. This downward trend was influenced by newly imposed port fees from both the US and China on shipping companies, intensifying trade tensions and making ocean freight a new arena in their ongoing dispute. These new fees are likely to disrupt trade routes, escalate costs, and introduce greater volatility into freight markets. Additionally, some vessels linked to the US are already avoiding Chinese cargo, potentially reducing shipping capacity and sustaining higher freight rates over the longer term. In contrast, the smaller vessel categories showed more resilience: the panamax index, which tracks medium-sized ships that transport coal and grain, saw a slight increase of 0.3% to 1,821 points. Meanwhile, the supramax index, which follows smaller bulk carriers, rose by 0.7% to reach 1,418 points.