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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.
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 ...
The index was up by 55 points, to 4,147, and according to the report, this index has been up for the past nine straight trading sessions. This Index is reported on a daily basis by Baltic Exchange ...
Recently, with commodities standing at the forefront of international economics, the large financial trading houses, including banks and hedge funds, have entered the market. 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 ...
The Baltic Dry Index, which tracks international maritime shipping rates for everything from iron ore to coal to grain, After languishing for nearly six months, a closely watched measure of global ...
As of May 2009, it is the largest bulk carrier by DWT of any U.S.-listed company. [3] Approximately one-third of all seaborne trade is dry bulk related. [2] Excel Maritime was a component of the NYSE Composite Index and the PHLX Marine Shipping Index. The stock has been de-listed from the exchanges as per their rules of listing [NYSE 1]
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 ...
The shipping market is an intensely cyclical industry and both demand for bulk shipping and daily hire rates change greatly over time. The Baltic Dry Index , the major index of dry bulk shipping rates, fell from a peak over 7,000 in 2007 to a low of 648 in March 2012. [ 15 ]