The Baltic Exchange’s dry bulk freight index rose by 3.4% to 2,959 points, its highest level since 8 October, extending a six‑session advance, sources indicated on 11 November 2026.
The rise reflects a broad improvement in rates for ships that carry dry bulk commodities. The Baltic Dry Index tracks those freight rates and moved to its recent peak after a sustained run of gains.
The capesize index, which typically records the performance of the largest dry bulk vessels that carry about 150,000‑tonne cargoes, climbed by 5.5% in the same session. Capesize ships commonly transport iron ore and coal, and the index’s gain was among the stronger sector moves recorded in the report.
What the index measures
The Baltic Dry Index is a composite measure of freight rates for a range of dry bulk vessel sizes and is used to track changes in the cost of shipping raw materials. A rise in the index indicates that charter rates for bulk carriers have increased, as reflected in the figures reported on 11 November.
Movements in the capesize segment often attract particular attention because those vessels carry very large cargoes of key raw materials. The supplied note specifies capesize ships typically carry 150,000‑tonne consignments including iron ore and coal, and their index rose by 5.5% in the latest session.
Recent pattern and scale of the move
The Baltic Dry Index’s 3.4% increase marked a sixth consecutive session of gains and saw the index reach 2,959 points, the highest reading since 8 October. The capesize improvement formed a notable component of the overall advance, contributing to the index’s upward movement.
The report contained only the headline figures for the Baltic Exchange index and the capesize segment. No further daily splits for other vessel classes, nor additional numerical detail, were provided in the supplied summary.
Key facts
- Baltic Dry Index: 2,959 points, up 3.4%.
- Advance extended for a sixth consecutive session; index at its highest since 8 October.
- Capesize index: rose by 5.5%.
- Capesize vessels typically transport 150,000‑tonne cargoes, including iron ore and coal.
Sources published the item on 11 November 2026 and supplied the figures summarised above. The report focused on the short‑term market movement and the relative strength of the capesize sector within the dry bulk complex.