How do you interpret the Baltic Dry Index?
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.
Why is BDI so low?
In recent years the BDI has remained low, underlining a situation of excess capacity in the shipping industry. The situation changed following the Covid-19 pandemic in 2020. While the initial effect of the pandemic was a decline in shipping rates because of a drop in demand, by the second half of 2021, the BDI surged.
What are dry commodities?
A dry bulk commodity is a raw material that is shipped in large unpackaged parcels. The commodities, which can include grain, metal, and energy materials, are transported long distances in bulk by sea in large cargo vessels by companies that specialize in dry bulk delivery.
What are the contributing Timecharter Averages to the BDI?
The contributing timecharter averages to the BDI are as follows: 40% Capesize {BCI14TC Index DES }, 30% Panamax {BPRATCR Index DES }, 30% Supramax {BSI58TC Index DES }. The index was first published on January 4 1985 at 1000 points. Last trading day: Christmas Eve. Index units measured in: Points
What is the Baltic Dry Index (BDI)?
The index, tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities. The Baltic Dry Index is not restricted to Baltic Sea countries or to a few commodities like crude oil.
What is the BDI index for touch screen devices?
Touch device users, explore by touch or with swipe gestures. The contributing timecharter averages to the BDI are as follows: 40% Capesize {BCI14TC Index DES }, 30% Panamax {BPRATCR Index DES }, 30% Supramax {BSI58TC Index DES }. The index was first published on January 4 1985 at 1000 points.
What’s driving the Baltic index up?
The Baltic index, which provides a benchmark for the price of moving the major raw materials by sea, went up 16 points, or 0.9%, to 1,801 on Friday, boosted by stronger demand for Capesize vessels. The index jumped nearly 41% since the beginning of 2019. Historically, Baltic Exchange Dry Index reached an all time high…