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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.
Bulk cargo refers to material in either liquid or granular, particulate (as a mass of relatively small solids) form, such as petroleum / crude oil, grain, coal, or gravel. This cargo is usually dropped or poured, with a spout or shovel bucket, into a bulk carrier ship's hold, railroad car / railway wagon, or tanker truck / trailer / semi ...
DryShips Inc is a dry bulk shipping company based in Athens, Greece. It is a Marshall Islands corporation, formed in 2004. On October 11, 2019, it was taken private by CEO and Chairman George Economou. [1] [2] As of February 2019, the company is a diversified owner and operator of ocean going cargo vessels that operate worldwide.
This quarter can't end soon enough for dry bulk, the largest freight market in the world by cargo volume.Rates for Capesizes — bulkers of around 180,000 deadweight tons (DWT) that carry iron ore ...
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 ...
Capesize. Capesize ships are the largest dry cargo ships with ball mark dimension: [i] about 170,000 DWT (deadweight tonnage) capacity, 290 m long, 45 m beam (wide), 18m draught (under water depth). [1] They are too large to transit the Suez Canal (Suezmax limits) or Panama Canal (Neopanamax limits), [2] and so have to pass either Cape Agulhas ...
It's been a bad month for dry-shipping stocks, particularly for ex-high-flying names such as DryShips , Genco Shipping & Trading , and Eagle Bulk Shipping . All three have been trading almost as ...