Freight · Weekly Reference Market Index
Baltic Panamax Index
- Reference Market Index
- CS Series CS-IDX-BPI
- weekly cadence · Panamax · index points
- Reference Series Publication Methodology v1.0
The historical index chart and recent weekly observations follow. The latest value is in the card below.
Latest Index Value
- Basis
- Panamax
- Unit
- index points
- Frequency
- Weekly
- CS Series
- CS-IDX-BPI
Baltic Panamax Index Chart
index points · Calendar gaps are not interpolated.
Index Changes and Historical Range
Computed statistics are CommodityScope calculations from the series history.
Monthly Baltic Panamax Index
Average, minimum and maximum of the weekly observations in each calendar month — these average weekly observations, so a month typically has 4–5 observations. Incomplete latest months are marked month to date.
| Month | Average mid | Min mid | Max mid | Observations |
|---|---|---|---|---|
| October 2026Month to date | 2370 | 2314 | 2424 | 3 |
| September 2026 | 2378 | 2251 | 2448 | 4 |
| August 2026 | 2194 | 2024 | 2315 | 5 |
| July 2026 | 2182 | 2024 | 2253 | 4 |
| June 2026 | 2181 | 2096 | 2283 | 4 |
| May 2026 | 2324 | 2002 | 2521 | 5 |
| April 2026 | 1894 | 1784 | 1975 | 4 |
| March 2026 | 1849 | 1756 | 1962 | 4 |
| February 2026 | 1802 | 1652 | 1942 | 4 |
| January 2026 | 1743 | 1743 | 1743 | 1 |
Recent Weekly Index Values
Latest available weekly observations for this reference series. Dates without an available observation are omitted. The chart above is interactive; this table is the dated history.
| Date | Index Value | Δ vs previous |
|---|---|---|
| 2026-10-17 | 2314 | -110.00 |
| 2026-10-10 | 2424 | +52.00 |
| 2026-10-03 | 2372 | -35.00 |
| 2026-09-26 | 2407 | +156.00 |
| 2026-09-19 | 2251 | -156.00 |
| 2026-09-12 | 2407 | -41.00 |
| 2026-09-05 | 2448 | +133.00 |
| 2026-08-29 | 2315 | +212.00 |
| 2026-08-22 | 2103 | -125.00 |
| 2026-08-15 | 2228 | -70.00 |
| 2026-08-08 | 2298 | +274.00 |
| 2026-08-01 | 2024 | 0.00 |
| 2026-07-25 | 2024 | -224.00 |
| 2026-07-18 | 2248 | -5.00 |
| 2026-07-11 | 2253 | +50.00 |
| 2026-07-04 | 2203 | +93.00 |
| 2026-06-27 | 2110 | +14.00 |
| 2026-06-20 | 2096 | -187.00 |
| 2026-06-13 | 2283 | +47.00 |
| 2026-06-06 | 2236 | -107.00 |
| 2026-05-30 | 2343 | -178.00 |
| 2026-05-22 | 2521 | 0.00 |
| 2026-05-16 | 2521 | +288.00 |
| 2026-05-09 | 2233 | +231.00 |
| 2026-05-02 | 2002 | +42.00 |
| 2026-04-25 | 1960 | -15.00 |
| 2026-04-18 | 1975 | +120.00 |
| 2026-04-11 | 1855 | +71.00 |
| 2026-04-04 | 1784 | +28.00 |
| 2026-03-28 | 1756 | — |
What This Index Represents
Weekly reading of the Baltic Panamax Index (BPI), the Baltic Exchange composite for Panamax vessels; it carries a 30% weight in the BDI.
Compare With
Each comparison states why the series are related and whether the latest values can be subtracted directly (same measurement basis and observation date). Where they cannot, the values are shown side by side without a difference.
| Series | Why compare | Latest | Difference (this − other) |
|---|---|---|---|
| Baltic Dry Index (BDI) Global dry bulk · index points · weekly | Composite index this sub-index feeds (30%). | 2511 17 Oct 2026 | not directly comparable |
| Baltic Supramax Index Supramax · index points · weekly | Supramax sub-index (30% of BDI). | 1865 17 Oct 2026 | not directly comparable |
Related Freight Indices
Reference Market Index
Reference Market Index
This page tracks an externally administered reference market index. The index is not created or administered by CommodityScope.
CommodityScope calculates historical statistics and comparisons from the observations maintained for this series where permitted.
- CS Series
- CS-IDX-BPI
- Series type
- Reference Market Index
Reference Index Basis
- Index points; route basket and multiplier as defined by the Baltic Exchange.
Basis: Panamax
- The Baltic Panamax Index is a Baltic Exchange composite for Panamax dry-bulk vessels.
- “Baltic” refers to the Baltic Exchange. It does not denote Baltic Sea cargoes or loadings.
Unit: index points
- Index points. Weekly snapshot maintained on this series; the exchange publishes daily.
How to use this series, and what it is not for
How to use this series
- Gauge dry-bulk freight direction alongside the grain and fertilizer voyage rates on this site.
What it is not suitable for
- Pricing a specific voyage: indices are timecharter composites.
Product and market references
- Baltic Exchange — index definitions
- Baltic Exchange — index definitions (BDI = 40% Capesize, 30% Panamax, 30% Supramax timecharter averages)
- Baltic Exchange press release (2018) — BDI re-weighted and Handysize removed from 1 March 2018
Computed statistics: CommodityScope. The underlying reference series remains distinct from CommodityScope Assessments. See the Reference Series Publication Methodology.