Baltic Dry Index


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Baltic Dry Index (BDI)

An index that tracks the price of transporting dry bulk cargo like cement, coal, iron ore, and grain on bulk freighters. As many of these commodities are raw materials that go into production of finished goods, the BDI is often taken to be an indicator of economic growth and production. The index is maintained by the London-based Baltic Exchange.
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On Thursday, the Baltic Dry index totalled 2,711 points.
Citigroup sees bulk cargo rates to decline
Another indicator that is supposed to be a relatively accurate barometer of global trade volume and, in turn, global production, is the Baltic dry index. It is issued daily by the London-based Baltic exchange and is considered useful in part because it contains no speculative content.
Industrial production, commodity prices, and the Baltic dry index
The Baltic Dry Index (see panel, page 18) is a measure of the cost of shipping these materials.
Shipping forecast: as East Asian factories multiply and more ports worldwide reach capacity, Charles Orton-Jones spots a storm brewing. How will your business fare if it has to wait for its ship to come in?
Yesterday (September 4), the Baltic Dry Index (BDI), which tracks rates of bulkers in multiple segments, hit 2,518 points, its highest level since November 2010, almost nine years ago.
Today's Pickup: Port Markets Leading The Way
The Baltic Dry Index (BDI) - which tracks global dry freight rates - has rebounded by 20 percent over the past week from a seven-month low.
Shipping - Dry freight index rebounds 20pc from 7-month low
The Baltic Dry Index, a decades-old measure of shipping costs viewed by some investors as a leading economic indicator, is getting a makeover.
Decades-old freight index gets revamp as investor interest grows
The average Baltic Dry Index for panamax vessels was 1,154 points during the period from 1 April 2017 to 30 September 2017, representing an increase of about 73% as compared to the corresponding period of 2016.
Great Harvest Actively Pursue Diversification and Business Expansion
The Baltic Dry index, which measures the cost of shipping dry commodities such as coal and steel, dropped to 354 yesterday, from more than 1100 last August.
Firms hit by trade crisis; CITYDESK
The Baltic Dry Index, which refers to rates for bulk cargo such as coal or ore, stood on Friday at 445 points, which is the lowest in a year after falling 6.9 per cent since January 1, according to a Bank of Cyprus document seen by the Cyprus Business Mail.
Cyprus impact from China's turbulent markets still uncertain, economist says
The Baltic dry index, compiled from a basket of dry bulk freight rates and which traditionally falls in the run up to the lunar new year holiday in China, has halved in the past month to 1,086 points on February 5.
Shipping sees end to downturn
Table 2 shows the monthlong progression of rates in two forms: the Baltic Dry Index (BDI) at the top part of the table, and the related movements of time charter rates for each of the four basic ship classifications.
Ocean freight rates for coal
Sea transporters were the biggest gainer by sector after a rise in the Baltic Dry Index commodities shipping rate benchmark.
UPDATE1: Nikkei surges to 8-week high on Wall St. gains, rosy Japan outlook

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