Search results
Results From The WOW.Com Content Network
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 1985 - 2022. The Baltic Dry Index is a measure of the cost of shipping dry bulk goods around the world. It increased during the mid 2000s because of global demand for manufactured goods initially and in 2008 the price of oil drove the index higher to an all time high of 11,440 points in May 2008.
The Freightos Baltic Index has been in wide use since 2018. It is currently the only freight rate index that is issued daily, and is also the only IOSCO -compliant freight index that is currently regulated by the EU (in particular, the European Securities and Markets Authority ).
The Baltic Dry Index reflects global shipping prices for dry bulk commodities such as iron ore, coal, cement, and grain. Rates are affected by a combination of demand for these commodities,...
* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 3 points, or about 0.2%, to 1,699.
Cargo ship Investors perplexed by the market's anxiety over slower global economic growth should look no farther than the Baltic Dry Index, a closely watched measure of worldwide industrial demand.
Baltic Dry Index (BDI) Baltic Panamax Index (BPI) Baltic Capesize Index (BCI) Baltic Supramax Index (BSI) Baltic Handysize Index (BHSI) Baltic Dirty Tanker Index (BDTI) Baltic Clean Tanker Index (BCTI) Baltic LNG Tanker Index (BLNG) In April 2018, the Baltic Exchange announced a global container index called the Freightos Baltic Index (FBX) in ...
Need help? Call us! 800-290-4726 Login / Join. Mail
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.
Investors perplexed by the market's anxiety over slower global economic growth should look no farther than the Baltic Dry Index, a closely watched measure of worldwide industrial demand. The index ...