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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.
A bulk carrier or bulker is a merchant ship specially designed to transport unpackaged bulk cargo —such as grain, coal, ore, steel coils, and cement—in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have led to increased size and sophistication of these ships. Today's bulk carriers are specially ...
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. Because of the 2008 recession the index dropped to 715 points ...
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 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 ...
Dry bulk shipping companies DryShips , Diana Shipping , and Navios Maritime Holdings rallied strongly at the end of last year as the Baltic Dry Index, which reflects the daily charter rate for ...
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 ...
While many Wall Street analysts have been forecasting a coming rebound in the dry bulk shipping industry, and the Capital Link Dry Bulk Index is up approximately 33% year to date, the shipping ...