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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.
Baltic Dry Index 1985 - 2022 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.
The Baltic Dry Index, which tracks international maritime shipping rates for everything from iron ore to coal to grain,
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, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 3 points, or about 0.2%, to 1,699.
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,...
Baltic Dry Index (BDI) Baltic Panamax Index (BPI) Baltic Capesize Index (BCI) Baltic Supramax Index (BSI) Baltic Handysize Index (BHSI) Baltic Dirty Tanker Index (BDTI) Baltic Clean Tanker Index (BCTI) Baltic LNG Tanker Index (BLNG) In April 2018, the Baltic Exchange announced a global container index called the Freightos Baltic Index (FBX) in ...
The index, which tracks international maritime shipping rates for everything from iron ore to coal to grain, has tumbled 50% since late May.
The Freightos Baltic Index has been in wide use since 2018. 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 ).
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 ...