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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.
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged up on Thursday as capesize rates hit a three-week peak and offset weakness in the ...
* 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 ...
Capesize ships are the largest dry cargo ships with ball mark dimension: [i] about 170,000 DWT (deadweight tonnage) capacity, 290 m long, 45 m beam (wide), 18m draught (under water depth). [1] They are too large to transit the Suez Canal ( Suezmax limits) or Panama Canal ( Neopanamax limits), [ 2 ] and so have to pass either Cape Agulhas or ...
Freight rates and shipping charter rates are on the upswing in certain segments of the ocean transport market. For ship owners who have suffered through years at break-even or below, it's a ...
The Baltic Exchange (incorporated as The Baltic Exchange Limited [1]) is a membership organisation for the maritime industry, and freight market information provider for the trading and settlement of physical and derivative contracts.
Some shippers choose instead to charter a ship, paying a daily rate instead of a set price per ton. [53] In 2005, the average daily rate for a Handymax ship varied between $18,000 – $30,000. [53] A Panamax ship could be chartered for $20,000 – $50,000 per day, and a Capesize for $40,000 – $70,000 per day. [53]
Historically, there have been a variety of factors to look for that directly affect shipping rates and the fortunes of companies such as DryShips , Diana Shipping , Safe Bulkers , Baltic Trading ...