The Baltic Exchange’s dry bulk freight index fell sharply on Monday, ending a short run of gains and sliding to its weakest level since late October, sources indicated on 2 November 2026.
The index dropped 2.4% to 2,648 points, reversing three consecutive sessions of improvement. The move represented the lowest reading since 27 October, according to the report.
Declines were recorded across every vessel segment tracked by the Baltic Exchange on Monday. The broad-based nature of the move meant that neither handysize nor panamax nor capesize classes avoided downward pressure during the session.
The capesize index was noted in the report; that segment typically carries the largest individual cargoes in the dry bulk suite. Capesize vessels usually move about 150,000 tons per cargo and commonly transport commodities such as iron ore and coal.
Index mechanics and scope
The Baltic Dry Index is the market measure cited by reports for this movement; it reflects freight rates for ships hauling dry bulk commodities. Movements in the BDI represent changes in the commercial cost of shipping bulk raw materials across the principal bulk vessel classes.
Session detail and market breadth
Monday’s decline broke a short three-session winning streak, leaving the overall index at 2,648 points. reports emphasised that the day’s fall was not isolated to one size bracket but occurred across all vessel segments tracked by the Baltic Exchange.
The report’s figures give a clear snapshot of the market at that point in time: a single-session fall of 2.4% was sufficient to erase the gains built up over the preceding days and to bring the index back down to its late-October level.
reports’s account of the session places the movement within a narrow factual frame: the numerical fall, the index level reached, the end of the three-day winning run and the across-the-board weakness in vessel segments. The mention of capesize vessels underlines the continuing commercial significance of the largest bulk carriers.
This concise report from 2 November 2026 provides a specific market snapshot, documenting the Baltic Dry Index’s retreat to its lowest point since 27 October and noting that all vessel classes saw declines in that trading session.