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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 is classified as wet or dry. The Baltic Exchange is based in London and provides a range of indices benchmarking the cost of moving bulk commodities, dry and wet, along popular routes around the seas. Some of these indices are also used to settle Freight Futures, known as FFA's.
MV Berge Athene, a capesize bulk carrier of 225,200 DWT, built in 1979. Capesize ships are the largest dry cargo ships with ball mark dimension: about 170,000 DWT (deadweight tonnage) capacity, 290 m long, 45 m beam (wide), 18m draught (under water depth).
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...
These instruments are settled against various freight rate indices published by the Baltic Exchange (for Dry and most Wet contracts), Shanghai Shipping Exchange (International and domestic Dry Bulk, and International Containers), and Platt's (Asian Wet contracts), or physical delivered through Shanghai Shipping Freight Exchange.
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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. As of February 2019, the company is a diversified owner and operator of ocean going cargo vessels that operate worldwide.
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.
Dry bulk density = mass of soil/ volume as a whole. Wet bulk density = mass of soil plus liquids/ volume as a whole. The dry bulk density of a soil is inversely related to the porosity of the same soil: the more pore space in a soil the lower the value for bulk density.
Handysize class consists of Supramax (50,000 to 60,000 DWT ), Handymax (40,000 to 50,000 DWT), and Handy (<40,000 DWT). The ships are used for less voluminous cargoes, and different cargoes can be carried in different holds. [1] [2] Larger capacities for dry bulk include Panamax, Capesize and Very Large Ore Carriers and Chinamax . A handymax ...