Monthly Baltic Dry Index value 2018-2024

Published by
Einar H. Dyvik,
Oct 15, 2024

As of September 30, 2024, the Baltic Dry Index amounted to 2,065 points. This was higher than in the previous month, and higher than in May 2020, immediately after the outbreak of COVID-19, when the index stood at 504. 

The Baltic Dry Index is based on the current freight cost on various shipping routes and is considered a bellwether of the general shipping market.

Baltic Dry Index from January 2018 to September 2024

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Release date

October 2024

Region

Worldwide

Survey time period

January 2018 to September 2024

Supplementary notes

The Baltic Dry Index (BDI), is issued daily by the London-based Baltic Exchange. It is considered a proxy for dry bulk shipping stocks as well as an indicator for the general shipping market. It based on a daily assessment of the current freight cost on various routes by a a panel of international shipbrokers.

End of month values. 

Data from September 2019 to July 2022 taken from Bloomberg.

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