Baltic Dry Index extends losses d-o-d amid Capesize weakness

• Slow fixture activity, caution drag down Capesize index
  
  
• Panamax index drops amid limited fresh enquiries
  
  

The Baltic Exchange's Dry Bulk Index (BDI) fell by 2.5% (81 points) d-o-d to 3,124 points on 3 June 2026, reflecting softer sentiment in the Capesize market, while Panamax remained under pressure and Supramax continued to show resilience.

Segment-wise trends

• Capesize: The Capesize index declined by 3.8% (206 points) to 5,253 points, as slowing fixture activity and increased caution among charterers weighed on sentiment despite underlying support from iron ore demand.
  
  
• Panamax: The Panamax index fell by 1.3% (31 points) to 2,290 points, with limited fresh cargo enquiries and a balanced vessel supply-demand outlook keeping market momentum subdued.
  
  
• Supramax: The Supramax index rose by 0.3% (6 points) to 1,583 points, supported by steady regional demand and improved sentiment in select trade routes.
  
  

Outlook

Baltic dry bulk index is expected to remain mixed in the near term. While Capesize rates may continue to fluctuate amid uneven fixture activity, underlying iron ore demand could provide support. Panamax sentiment is likely to stay cautious due to limited fresh enquiries, whereas the Supramax segment may remain relatively stable on the back of steady regional cargo demand and tighter vessel availability in select areas.