The Maritime
Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%
Freight & charter · Dry bulk

Capesize

Iron ore and coal — the majors

5,033
points · 26 Aug 2026
All freight indices

Current level

5,033+298 pts

26 Aug 2026

What this index measures — Daily freight index for the largest dry-bulk carriers (~180,000 dwt and up), the ships that move most of the seaborne iron ore and coking coal on Brazil–China and Australia–China trades.

Average TC earnings

$46k/day

+2,706 $/day

Month over month

+19.8%

Year to date

-8.4%

Year over year

—

5-year

—

Realised TCE · reconstructed monthly

Capesize — realised time-charter earnings

Q3 2020 – Q2 2026

Real quarterly $/day from listed shipowners’ own earnings filings (the marked anchors), with a monthly path reconstructed between them from licence-clean freight, activity and commodity indicators. The reconstruction averages back to each real quarter exactly; the shaded band is its interpolation uncertainty. A model estimate, not a market index — independent of any licensed benchmark.

Anchors: realised TCE disclosed in public shipowners’ SEC filings (facts, cross-owner median per quarter). Monthly path: Chow-Lin reconstruction from licence-clean indicators — a model estimate, not a licensed index.

Daily index level · 2026-06-01 – 2026-08-26

Capesize — history

The full daily history of this index, straight from the feed — one point per publishing day, no interpolation. Non-publishing days simply have no point.

window low 3,538window high 5,496observations 63

Reported fixtures

Latest Capesize fixtures

View all
  • Cape Astra$36.10/t· Classic7 Aug
  • Magnes$35.50/t· Cargill7 Aug
  • Vittoria$32.25/ton· Oldenforff31 Jul
  • TBN$33.75/ton· CSN31 Jul
  • TBN$12.50/ton· BHP31 Jul
  • TBN$11.85/ton· Rio Tinto31 Jul
  • Philadelphia$35,500/day· Classic Maritime31 Jul
  • $33s29 Jul
  • $12.25/t29 Jul
  • Naomi$42.50/mt· Norden24 Jul

How this index is computed

Daily $/day time-charter equivalent across the standard capesize route basket, averaged from reported charter fixtures and converted to a single index point. Published each business day; non-publishing days simply have no point (weekends and holidays legitimately lag). The Maritime republishes this licensed daily index under our own generic name; we never reproduce the licensor's brand or letter-code.