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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.
As the demand for commodities is picking up, shipping is also seeing a rebound. Around two days back, according to a Maritime Logistics Professional report, the Baltic Dry Index (BDI) rose to its ...
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 ...
Dry bulk has been the "Wile E. Coyote" of ocean shipping for the past decade – forever chasing after profits only to lunge at empty air and repeatedly fall straight off a cliff.Rates for ...
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]
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 ...
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 ...
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 ...