Baltic Dry Index declines d-o-d on weaker sentiment across major segments

• Sharp decline in Capesize earnings drives overall index lower
  
  
• Panamax softens while Supramax remains broadly stable
  
  

The Baltic Exchange's Dry Bulk Index (BDI) fell by 2.8% (87 points) d-o-d to 3,037 points on 4 June 2026, reflecting a softer overall dry bulk market. The decline was primarily driven by weakness in the Capesize segment amid easing iron ore demand and reduced cargo activity on key long-haul routes.

Segment-wise trends

• Capesize: The Capesize index declined by 4% (213 points) to 5,040 points, indicating bearish sentiment. Weaker iron ore fixtures and subdued chartering activity, exerted downward pressure on rates.
  
  
• Panamax: The Panamax index decreased by 1.5% (36 points) to 2,254 points. Sentiment softened amid limited grain and coal cargo demand, with charterers maintaining a wait-and-watch approach.
  
  
• Supramax: The Supramax index edged up by 1 point to 1,584 points, reflecting a stable-to-firm sentiment. Steady demand from regional trades and minor bulk cargo movements helped support rates despite broader market weakness.
  
  

Outlook

In near-term baltic index sentiment remains cautious, with market participants closely monitoring iron ore and coal trade flows. While pressure persists in the larger vessel segments, sustained activity in minor bulks could continue to provide support to the Supramax market.