Baltic Dry Index Ends Seven-Day Rally, Still Up 4.4% for the Week

English summary

On November 13, 2026, the Baltic Dry Index (BDI) closed at 2,980 points, down 1.32% from the previous value, ending a seven-day rally that began on November 3. Despite the daily pullback, the BDI still gained 4.4% for the week, marking its fourth consecutive weekly rise. Softening rates in the Capesize segment dragged down the composite index, while Panamax and Supramax indices rose slightly to provide a hedge. Declining iron ore futures and accumulating port inventories indicate structural pressure on large vessels, whereas demand for smaller vessel types remains relatively resilient.