The Baltic Exchange’s dry bulk freight index climbed for a fifth consecutive session on Tuesday, advancing 0.3% to 2,862 points, a level the index has not seen since 9 October, sources indicated on 10 November 2026.

The rise recorded on Tuesday extended a short but steady run of gains for the Baltic Dry Index, the benchmark measure of freight rates for ships that carry dry bulk commodities. The move pushed the overall index to a fresh high relative to early October.

The panamax segment was a clear outperformer in the session, rising by 1.9%. Panamax vessels typically carry between 60,000 and 70,000 tonnes of cargo, commonly coal or grain, and their index is a closely watched gauge of trade in those bulk commodities.

reports delivered the figures in its market note on 10 November 2026, citing the Baltic Exchange’s published levels for the trading day. The report set out the index movement and highlighted the panamax advance as a notable component of the session’s results.

Short-term runs of consecutive gains are conspicuous in dry bulk freight reporting because the Baltic Dry Index aggregates movements across vessel sizes and routes. A fifth straight session of improvement therefore reflects a consistent direction of market readings over several trading days.

Market snapshot

On the day in question the Baltic Dry Index moved to 2,862 points, a level the Exchange had not recorded since 9 October. The index figure reported for the session represents the composite of the various size segments that together make the benchmark.

The panamax index increase of 1.9% was reported separately within the same market note. Panamax carriers are the class of vessels most closely associated with coastal and long-haul shipments of coal and grain in bulk quantities of roughly 60,000 to 70,000 tonnes.

Indices and coverage

The Baltic Dry Index is described in market reporting as the measure that tracks rates for ships carrying dry bulk commodities. The index is compiled from assessments across different vessel classes, and those assessments are reported daily by the Baltic Exchange and relayed by market outlets.

Panamax is one of the vessel segments within that broader index framework; the panamax index is used to reflect rate changes for ships of that particular size and cargo-carrying capacity. The 1.9% rise reported for panamax within the session was singled out in the source summary.

The data published on 10 November 2026 by reports presented the day’s movements without further commentary on drivers or forward expectations. The bulletin provided the headline index figure and the panamax percentage change as the principal takeaways from that trading session.

A concise listing of the session’s verified details from the source is as follows:

  • Baltic Dry Index: up 0.3% to 2,862 points, highest since 9 October.
  • Panamax index: up 1.9%; panamax vessels typically carry 60,000 to 70,000 tonnes of coal or grain.

The figures were reported on 10 November 2026, reflecting the Baltic Exchange’s published daily assessments for the dry bulk freight market.