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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. The most famous of the Baltic indices is the Baltic Dry Indices, commonly called the BDI.
Bulk cargo is classified as liquid or dry. Bulk liquid cargo: Weighable No No A tanker (or tank ship or tankship) is a ship designed to transport or store liquids or gases in bulk. Major types of tankship include the oil tanker, the chemical tanker, and gas carrier. Tankers also carry commodities such as vegetable oils, molasses and wine.
Since the 1960s, the volume of break bulk cargo has enormously declined worldwide in favour of mass adoption of containers. Bulk cargo, such as salt, oil, tallow, but also scrap metal, is usually defined as commodities that are neither on pallets nor in containers. Bulk cargoes are not handled as individual pieces, the way heavy-lift and ...
Dry bulk A variation of the liquid tank trailer, with a funnel-shaped bottom, used for hauling bulk quantities of dry powder (sometimes called bulk pneumatic). Sometimes referred to as a 'Teat Truck' or 'Teater' due to its appearance. Usually loaded through holes in the top, unloaded through the bottom or through pneumatic force. [10] [46] Dry van
A multi-purpose ship (sometimes called a general cargo ship) is used to transport a variety of goods, from bulk commodities to break bulk and heavy cargoes. To provide maximum trading flexibility they are usually geared (supplied with cranes), and modern examples are fitted for the carriage of containers and grains.
Bulk cargo constitutes the majority of tonnage carried by most freight railroads. Bulk cargo is commodity cargo that is transported unpackaged in large quantities. These cargo are usually dropped or poured, with a spout or shovel bucket, as a liquid or solid, into a railroad car.
The stowage factor also depends on the type of packaging, being the lowest for unpackaged bulk cargo. While most commonly used for dry bulk cargo, a stowage factor can also be calculated for liquid bulk cargo and other commodities such as containers or cars. Stowage factors for several types of cargo are presented in the following table. [1]
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.