Search results
Results From The WOW.Com Content Network
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).
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 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 ...
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 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 Exchange (incorporated as The Baltic Exchange Limited[1]) is a membership organisation for the maritime industry, and freight market information provider for the trading and settlement of physical and derivative contracts. Situated since Edwardian times at 24–28 St Mary Axe, London EC3, the building was destroyed by a bomb in 1992.
Companies such as Genco Shipping & Trading , Baltic Trading Limited , and Safe Bulkers agree that we are in the early innings of a rebound for the dry shipping industry. As such, most of these ...