Capesize losses drag Baltic Dry Index down 2% d-o-d

• Capesize weakness keeps BDI under pressure
  
  
• Smaller segments remain supportive
  
  

The Baltic Exchange's Dry Bulk Index (BDI) fell by 1.67% d-o-d (47 points) to 2,771 points on 10 June 2026, reflecting a bearish overall market sentiment driven by weaker Capesize earnings.

Softer iron ore cargo demand, reduced fixture activity on major long-haul routes, and cautious chartering interest weighed on the larger vessel segment, offsetting resilience seen in smaller bulk carriers.

Segment-wise performance

• Capesize: The Capesize index fell 3.15% (140 points) to 4,301 points, reflecting weaker sentiment amid reduced iron ore shipments, limited cargo enquiries from Brazil and Australia, and fixtures concluded at lower levels.
  
  
• Panamax: The Panamax index rose by 0.27% (6 points) to 2,211 points, reflecting a stable-to-firm sentiment supported by steady grain, coal, and agricultural commodity movements.
  
  
• Supramax: The Supramax index increased by 0.25% (4 points) to 1,618 points, signaling a moderately positive sentiment as demand for minor bulks, fertilizers, and regional cargo trades remained healthy.
  
  

Outlook

In the near term, BDI is expected to remain volatile and closely tied to developments in iron ore, coal, and grain trade flows.

Further downside risks persist if Capesize demand remains subdued; however, steady performance in the Panamax and Supramax segments could provide some support and prevent a sharper decline in the broader dry bulk market.