The Baltic Dry Index, regulated by the Baltic Exchange based in London, is recognized as an important benchmark for freight rates of various commodities including coal, grains, and iron ore. On November 2, 2026, this index decreased by 66 points to 2648, indicating fluctuations in the maritime transport market.
Historical Fluctuations of the Baltic Dry Index
The Baltic Dry Index is calculated daily based on surveys from representatives around the world. On May 20, 2008, this index reached its historical peak at 11,793 points. Conversely, the lowest recorded level of this index was on February 10, 2016, when it dropped to 290 points. These historical fluctuations reflect various economic, political, and even natural impacts on the maritime transport market.
Read more: 0.1% Increase in the Baltic Dry Freight Index
Consequences and Analysis of the Current Market Situation
The recent decline in the Baltic Dry Index can be attributed to various factors, including a decrease in global freight demand, changes in raw material prices, and rising transportation costs. These changes can have profound impacts on industries reliant on transport and global trade. For instance, given the decrease in demand, transport companies may face greater financial challenges, which could affect the final prices of goods.
Moreover, this decline may signify reduced economic activities in certain regions, which will particularly impact developing countries more severely.
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