Mixed trends in freight markets: the Baltic index continues its rise.

Freight rates in maritime transportation markets continue to fluctuate due to geopolitical risks and the balance of global demand.

The Baltic Dry Index (BDI), one of the key indicators of global maritime transport, has maintained its upward movement in recent weeks. The index rose to approximately 2,991 points on May 22, 2026, marking a daily increase of 0.91%. Over the past month, the index has seen an increase of about 11.9%.

According to sector data, increases in the Capesize and Panamax segments are supporting the upward movement of the index. Particularly, the demand from Asia for iron ore and coal transportation is among the main factors driving prices up in the dry bulk market.

Capacity constriction and route changes are effective.

Market experts point to the security risks along the Red Sea route as a fundamental reason for the volatility in freight prices, as ships are being redirected from the Suez Canal to the Cape of Good Hope. This situation extends transit times, reduces effective capacity, and supports freight prices.

Additionally, the