The Baltic Dry Index is a daily shipping freight cost index released by the London based Baltic Exchange that measures rates for transporting dry bulk cargo, combining timecharter averages for Capesize, Panamax and Supramax vessels. Launched on November 1, 1999 as the successor to the earlier Baltic Freight Index, it is tracked by financial professionals worldwide as a general bellwether of the dry bulk shipping market. Because it reflects demand for shipping raw materials such as coal, grain and metal ores that feed directly into global production, and because operators do not book freighters unless they already have cargo to move, economists regard it as a relatively pure economic indicator that is resistant to speculative distortion.
Facts
Classification
Release FrequencySourced to the subject's own account Timing Class Sources
1. Baltic Dry Index (Wikipedia)
WikipediaWikipedia, "Baltic Dry Index", lead section
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.
Introduction, frequency
The Baltic Dry Index is a daily shipping freight cost index released by the London based Baltic Exchange that measures rates for transporting dry bulk cargo, combining timecharter averages for Capesize, Panamax and Supramax vessels.
View the Source 2. US Leading Indicators (The Conference Board)
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.