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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.
Shipping markets. The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
For the quarter, Ford reported revenue of $42.8 billion, beating estimates of $40.04 billion and up 3% compared to a year ago. Ford posted adjusted earnings per share of $0.49, topping forecasts ...
Shipping stocks have been on the rise as tensions in the Red Sea have reduced container availability — and have sent freight costs higher. For example: Maersk (MAERSK-A.CO, MAERSK-B.CO) shares ...
A forward freight agreement ( FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route for tanker or a basket of ...
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It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide. In addition, the Group is the largest liner carrier in China. Its container shipping subsidiary – COSCO Container Lines – was one of the world's top 10 container carriers in terms of fleet capacity. COSCO was among China's top 15 ...
Genco Shipping (GNK) delivered earnings and revenue surprises of 100.00% and 10.18%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?