# Vessel rate gains drive Baltic dry bulk index upward

> The Baltic Exchange dry bulk index rose 11 points to 2,501 after hitting its lowest since April 15 the previous session. Capesize and Panamax rates firmed, with Capesize earnings up $90 a day to $28,678. Iron ore futures climbed on stronger Chinese manufacturing data and lower global shipments.

- Date: 2026-06-30 · published 2026-06-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/19026-vessel-rate-gains-drive-baltic-dry-bulk-index-upward
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Firmer Capesize and Panamax rates raise bulk shipping costs for grains and oilseeds on those routes. The move is modest and a rebound from a two-month low rather than a new trend.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- bairdmaritime.com: https://www.bairdmaritime.com/shipping/dry-cargo/bulkers/vessel-rate-gains-drive-baltic-dry-bulk-index-upward-after-hitting-lows

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.