# Baltic Index Falls to Near Two-Year Low on Weaker Vessel Rates

> The Baltic Exchange dry bulk index fell 17 points to 761, its lowest since February 2023, as rates declined across capesize, panamax and supramax vessels. The panamax index hit its lowest level since May 2020. Average daily earnings fell for both capesize and panamax vessels.

- Date: 2025-01-27 · published 2025-01-27T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/26706-baltic-index-falls-to-near-two-year-low-on-weaker-vessel-rates
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower dry bulk rates reduce the cost of moving grain and oilseeds by sea, which is bearish for ocean freight and can widen export basis spreads for bulk shipments.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- gcaptain.com: https://gcaptain.com/baltic-index-falls-to-near-two-year-low-on-weaker-vessel-rates/

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