What is Baltic Capesize 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.

How do you interpret the Baltic Dry Index?

Interpreting the Baltic Dry Index The Baltic Dry Index typically increases in value as demand for commodities and raw goods increases and decreases in value as demand for commodities and raw goods decreases.

What is the current Baltic Dry Index?

As of August 31, 2021, the Baltic Dry Index amounted to 4,132 points. This is about six times the value of 504 recorded at the end of May 2020 due to the coronavirus (COVID-19) pandemic.

Why is the Baltic Dry Index so high?

Why Investors Watch the Baltic Dry Index Producers stop buying raw materials when they have excess inventory and when they stop infrastructure projects. Typically, demand for commodities and raw goods increases when global economies are growing.

What does Baltic index indicate?

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.

How do I get the Baltic Dry Index?

Indexes are not investable securities, but investors have some choices that offer exposure to the Baltic Dry Index.

Dry Bulk Shippers. Perhaps the most obvious way to get exposure to the Baltic Dry Index is through the shares of dry bulk shipping companies.
Commodities Producers.
Oil.
Country Funds.

Why is the Baltic Dry Index so low?

The broader Baltic Dry Index, which tracks global shipping rates, fell to 466 on Monday, its lowest level in four years. The recent drop in freight rates also comes as a consequence of a slowdown in China’s domestic logistics.

Is there a free Baltic Capesize trading chart?

Sign In / Free Sign Up now to save your chart settings. Get instant access to a free live streaming chart of the Baltic Capesize. The chart is intuitive yet powerful, offering users multiple chart types including candlesticks, area, lines, bars and Heikin Ashi.

Is the Baltic Dry Index restricted to Baltic Sea countries?

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.

Which is the Baltic Capesize vessel for time charter routes?

Currently the Baltic Capesize vessel for Time Charter Routes is a non-scrubber fitted vessel based on the following description: Tubarao to Rotterdam. 160,000lt (long tons) iron ore, 10% more or less in owner’s option, free in and out.

What’s the average age of a Baltic Capesize?

Vessel’s age max. 18 years. Freight based on long tons. 3.75 per cent total commission. Tubarao/Beilun and Baoshan, 150,000 mt 10 per cent iron ore free in and out, 18m salt water arrival draft, scale load/30,000 mt Sundays holidays included discharge. 6 hours turn time at loading port, 24 hours each discharge port.

What is Baltic Capesize 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. How do…