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Baltic Dry Index 1985 - 2022. 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.
The Freightos International Freight Index was first launched as a weekly freight index in early 2017. [7] The Freightos Baltic Index has been in wide use since 2018. [8] 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 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. Because of the 2008 recession the index dropped to 715 points ...
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, ship ...
The Baltic Dry Index is now down 48% since the start of the new year. While a rate drop-off in the new year is typical because the Chinese New Year decreases demand in the world's largest economy ...
* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, was up 3 points, or 0.7%, at 421. ... The Baltic Exchange's main sea freight ...
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.
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as rates for larger vessel segments increased. * The overall index, which ...