# Baltic Index Logs Worst Year since 2014

> The Baltic Dry Index edged up 3 points to 997 on December 24, but recorded its worst year since 2014, down 52.5% in 2024. The panamax index stood at 988 after falling 48.7% for the year, with weaker rates across all vessel segments.

- Date: 2024-12-26 · published 2024-12-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27153-baltic-index-logs-worst-year-since-2014
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Persistently low dry bulk rates reduce the cost of moving grain and oilseeds by sea, which supports export competitiveness but signals weak global shipping demand.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- maritimeprofessional.com: https://www.maritimeprofessional.com/news/baltic-index-logs-worst-year-400575

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