Panamax freight rates hit a two-month low: India import cost watch

The Baltic Panamax index fell about 2% to 2,109 points on 23 Oct 2026, its lowest since 24 Aug. Indian bulk buyers may get a…

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In this short

  • LOGISTICS WATCH Panamax freight rates hit low A dry-bulk benchmark has weakened, but Indian importers still need the full delivered-cost quote.
  • THE NUMBER Panamax index fell 2,109 The Baltic benchmark reached its lowest level since 24 August.
  • WIDER MARKET Dry bulk also eased -1.2% The broader index ended a four-session rise on the same Friday.
  • INDIA IMPACT A quote is not a saving Ocean freight, port handling, inland haulage and inventory all shape delivered cargo cost.
  • WHAT TO WATCH Coal grain and vessel supply Restocking, grain loadings and production decisions can shift the next quote.
  • READ THE FULL STORY Check the complete landed cost See how importers can use the benchmark without mistaking it for a guaranteed route price.
  • READ THE FULL STORY Get the full breakdown Sources, numbers and what to watch next.

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