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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.
Overview. Baltic Dry Index chart. Its international community of 650 member companies encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic Exchange: [2] its members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of ...
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.
Demand from China for iron-ore has helped spark a surge in the Baltic Dry Index, which is composed of a basket of four equally weighted but differently sized vessels. They are called Capesize ...
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 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 ...
The Freightos Baltic Index (FBX) (also sometimes known as the Freightos Baltic Daily Index or Freightos Baltic Global Container Index) is a daily freight container index issued by the Baltic Exchange and Freightos. The index measures global container freight rates by calculating spot rates for 40-foot containers on 12 global tradelanes.
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The freight derivatives market for dry cargo vessels saw a big increase in traded volumes in 2021. Dry forward freight agreement (FFA) volumes hit 2,524,271 lots, up 61% on 2020. Options trading in the dry market hit an all-time high of 409,255, up 25% on the previous year.
The Baltic Dry Index, a closely watched measure of global demand, has been in sharp decline since peaking less than a month ago, casting doubt on the global economic recovery from the Great Recession.