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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.
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]
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] Lauritzen's revenues are driven by charter rates [16] and thus the company has struggled through the recession. J.
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 Dry Index is now down 48% since the start of the new year. While a rate drop-off in the new year is typical because the Chinese New Year decreases demand in the world's largest economy ...
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 ...
In commercial demise chartering, a subtype of bareboat chartering, the charter period may last for many years and may end with the charterer acquiring title (ownership) of the ship. In that case, a demise charter is a form of hire-purchase from the owners, who may well have been the shipbuilders. Demise chartering is common for tankers and bulk ...
The new Valemax ships, expected to cut the company's transportation costs by 20–25%, [143] were blamed for driving down the freight rates for the entire industry, swelling the already oversupplied bulk transportation market and stalling the recovery of the shipping business after the Great Recession.