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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.
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.
Freight rate. A freight rate (historically and in ship chartering simply freight[1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
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 ...
The Baltic Dry Index (or BDI) is a basket of ship sizes and routes that reflects the change in spot shipping rates for dry shippers. It has roughly tripled so far this year along with the stock ...
While a rate drop-off in the new year is typical because the Chinese New Year decreases demand in the world's largest economy, what is uncommon here is the magnitude of Dry Bulk Shipping Rates ...
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