The Baltic Dry Index rose 61 points to 3,020 on Thursday, 12 November 2026, sources indicated.
The index figure was published by reports on 12 November 2026 and reflects the daily assessment compiled by the Baltic Exchange in London.
The Baltic Dry Index is compiled by the London-based Baltic Exchange and covers freight rates for dry bulk commodities such as coal, grain and iron ore. The index is drawn from a daily survey of shipbroking agents around the world and is widely used to track movements in seaborne dry bulk freight costs.
Movements in the index are closely watched by charterers, shipowners and commodity traders because they reflect shifts in demand for shipping capacity across a range of vessel sizes. While a single-day increase does not establish a trend, changes in the index can influence fixture negotiations and short-term earnings expectations for ship operators.
Analysts and market participants commonly monitor the BDI alongside other indicators to assess the balance between available tonnage and cargo volumes. The index’s daily nature means it can respond quickly to short-term shifts in cargo flows and chartering activity reported by brokers.
How the index is compiled
The Baltic Exchange reaches its daily figure by surveying a global network of shipbroking agents who report assessed freight rates across major bulk-trade routes and vessel classes. Those assessments are aggregated into the composite Baltic Dry Index, which is published each working day in London.
The index covers a range of trades that move dry bulk commodities. Its composition and daily survey method are intended to provide a timely market snapshot of the cost to transport bulk cargoes by sea.
What a rise means for the market
A rise of 61 points to 3,020 represents a notable daily movement in absolute terms, though its commercial significance depends on the broader pattern of recent sessions. Market participants will typically look for whether such a rise is sustained across subsequent publications before revising longer-term expectations.
Shipowners may see short-term upside in daily earnings if the movement reflects an enduring tightening in available tonnage, while charterers will consider the cost implications for near-term fixtures. Traders of bulk commodities also factor freight cost movements into logistics planning and cost calculations.
reports supplied the published figure for 12 November 2026. The Baltic Exchange remains the definitive source for the daily assembled index, with its London office coordinating the survey process that underpins the published number.