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The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize , Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
Baltic Dry Index measures the cost for shipping goods such as iron ore and grains. The trading volume of dry freight derivatives, a market estimated to be worth about $200 billion in 2007, grew as those needing ships attempted to contain their risks and investment banks and hedge funds looked to make profits from speculating on price movements.
Bulk cargo is classified as wet or dry. The Baltic Exchange is based in London and provides a range of indices benchmarking the cost of moving bulk commodities, dry and wet, along popular routes around the seas. Some of these indices are also used to settle Freight Futures, known as FFA's.
The consistency of past earnings and cash flow. An ideal company will be consistently strong in its earnings and cash flow generation. In the past five years, DryShips' net income margin has ...
Being able to retire rich, or at least comfortable, is the goal of almost any investor. However, it's much easier said than done. In a recent Wells Fargo survey, respondents between the ages of 50 ...
Many dry-shipping stocks trade at market price levels far below the accounting values placed on their books or book value. These huge market value discounts could prove to spell big returns. Let's ...
A livestock carrier is a seagoing vessel for the transportation of live animals. Typically it is large ship used in the live export of sheep, cattle and goats. Livestock carriers may be specially built new or converted from container ships .
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The Baltic Dry Index, which tracks international maritime shipping rates for everything from iron ore to coal to grain, After languishing for nearly six months, a closely watched measure of global ...
Rail freight transport is the use of railways and trains to transport cargo as opposed to human passengers . A freight train, cargo train, or goods train is a group of freight cars (US) or goods wagons ( International Union of Railways) hauled by one or more locomotives on a railway, transporting cargo all or some of the way between the shipper ...