Baltic Dry Index Hits One-Week High as Capesize Rates Surge

English summary

On October 21, 2026, the Baltic Dry Index (BDI) rose 3.36% to 2680 points, hitting a new high since October 13. The surge was primarily driven by a 7.69% jump in the Capesize index, while the Panamax index fell 1.91%, highlighting structural divergence between tight large vessel capacity and weakening demand for mid-sized ships.