Baltic Dry rose to 1,691 Index Points on June 9, 2025, up 3.55% from the previous day. Over the past month, Baltic Dry's price has risen 29.68%, but it is still 10.20% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index - values, historical data, forecasts and news - updated on June of 2025.

As of September 30, 2024, the Baltic Dry Index amounted to 2,065 points. This was higher than in the previous month, and higher than in May 2020, immediately after the outbreak of COVID-19, when the index stood at 504. The Baltic Dry Index is based on the current freight cost on various shipping routes and is considered a bellwether of the general shipping market.

The dataset contains returns data for Baltic Dry Index and commodity spot prices

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Chemical Tanker Market Size 2025-2029

The chemical tanker market size is forecast to increase by USD 11.58 billion at a CAGR of 5.8% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for LNG tanker transportation. This trend is being fueled by the global shift towards cleaner energy sources and the expansion of natural gas infrastructure. Additionally, advancements in propulsion systems, such as the implementation of more fuel-efficient engines, are enhancing the competitiveness of chemical tankers in the transportation sector. However, the market is not without challenges. Regulatory hurdles, including stringent safety and environmental regulations, impact adoption and require substantial investments in compliance. One of the primary drivers is the increasing demand for LNG tanker transportation and oil and gas transportation as more countries shift towards cleaner energy sources. Another trend influencing the market is the advancement in propulsion systems such as hybrid electric marine propulsion engines, leading to increased fuel efficiency and reduced emissions.
Furthermore, supply chain inconsistencies, such as fluctuations in the Baltic Dry Index (BDI), can temper growth potential by affecting freight rates and market stability. To capitalize on market opportunities and navigate these challenges effectively, companies must stay informed of regulatory changes and develop robust supply chain strategies. By doing so, they can position themselves to thrive in this dynamic and growing market.

What will be the Size of the Chemical Tanker Market during the forecast period?

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In the dynamic market, various factors influence market activity and trends. Tanker insurance plays a crucial role in risk management, ensuring financial protection for vessel owners and cargo interests. Chemical storage solutions are essential for safe and efficient cargo handling, while maritime labor concerns impact vessel operations. Voyage charters and charter parties dictate commercial terms, with emergency preparedness and tanker safety audits ensuring regulatory compliance. Vessel financing, performance optimization, and tanker surveys are key aspects of maintaining a competitive edge. Cargo unloading and maritime dispute resolution require effective shipping agents and maritime law expertise. Maritime cybersecurity solutions, cargo segregation, and autonomous shipping are emerging trends shaping the industry. Tanker loading and unloading processes are essential components of efficient chemical logistics, with safety and environmental considerations playing a significant role.
Maritime finance, energy efficiency measures, and alternative propulsion systems are critical for vessel owners seeking cost savings and sustainability. Tanker maintenance, design, and repairs are ongoing concerns, while maritime education, seafarer welfare, and pollution prevention are essential for long-term success. Digital twin technology, shipping finance, maritime training, and remote vessel management are transforming the sector, enabling more efficient and sustainable operations. Tanker construction, bulk cargo, smart shipping, and vessel tracking systems are shaping the future of the market. Oil spill response, tanker maintenance, and maritime arbitration are essential services ensuring business continuity and mitigating risks. Fuel management systems and environmental protection are increasingly important considerations, with growing emphasis on reducing emissions and minimizing the impact on the marine environment.

How is this Chemical Tanker Industry segmented?

The chemical tanker industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Organic chemicals
  Vegetable fats and oils
  Inorganic chemicals
  Others


Type

  Inland
  Coastal
  Deep sea


Vessel Orientation

  IMO 3
  IMO 2
  IMO 1


Geography

  North America

    US


  Europe

    France
    Germany
    Spain
    The Netherlands


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Product Insights

The organic chemicals segment is estimated to witness significant growth during the forecast period. The market is driven by the increasing demand for organic chemicals used in various industries, including pharmaceuticals, fertilizers, food and beverages, and personal care products. Maritime regulations, such as those set by the International Maritime Organization (IMO), play a crucial role in shaping market dynamics. IMO Type 3 and Type 4 tankers are commonly used for chemical transportation due to their compliance with environmental regulations and enhanced safety features. Ma