What is the Baltic Capesize Index?

The index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargoes of about 150,000 tonnes; Panamax, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes; and Supramax, with a carrying capacity between …

Why is Baltic Dry Index Important?

The Baltic Dry Index is a leading indicator that provides a clear view into the global demand for commodities and raw materials. The fact that the Baltic Dry Index focuses on raw materials is important because demand for raw materials provides a glimpse into the future.

What is BCI shipping?

The Baltic Exchange Capesize Index (BCI) is a daily average calculated from the reports of an independent international board of panellists. These panellists are required to make a daily assessment on a basket of timecharter and voyage routes in the dry bulk shipping market representative of Capesize vessels.

What makes up the Baltic Dry Index?

The Baltic Dry Index (BDI) is 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.

What is the Baltic Dry Index and how does it works?

Key Takeaways. The Baltic Dry Index (BDI) is an index of average prices paid for the transport of dry bulk materials across more than 20 routes. The BDI is often viewed as a leading indicator of economic activity because changes in the index reflect supply and demand for important materials used in manufacturing.

What is Baltic Exchange for shipping industry?

The Baltic Exchange is a London-based exchange that provides real-time maritime shipping information to traders for settling physical and derivative shipping contracts. The exchange has regional offices in Singapore, Shanghai, and Athens.

Why is it called Baltic Dry Index?

The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange. It measures changes in the cost of transporting various raw materials, such as coal and steel.

What is BSI index?

The Baltic Exchange Handysize Index (BHSI) was formally launched in 2007 and is a measure of the strength of spot freight earnings for smaller dry bulk vessels, currently based on a standard 38,000 dwt bulk carrier (since 2 Jan 2020).

What’s Baltic mean?

Definition of Baltic 1 : of or relating to the Baltic Sea or to the states of Lithuania, Latvia, and Estonia. 2 : of or relating to a branch of the Indo-European language family containing Latvian, Lithuanian, and Old Prussian — see Indo-European Languages Table.

Does the Baltic Dry Index include containers?

BDI Covers only the ships carrying DRY CARGO (and NOT oil, gas, chemicals or containers).

What are the four shipping markets?

The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market.