BALTIC DRY INDEX (BDI)

The Baltic Dry Index (BDI) is an economic indicator issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain." Baltic Dry Index (BDI) - Daily Value Spot TC Average = The Average Value of the Main Shipping Routes applicable for each of the 3 types of Ships BDI = The Weighted Composite Index of BCI / BPI / BSI Every working day, a panel of international shipbrokers submits their view of current freight cost on various routes to the Baltic Exchange. The routes are meant to be representative, i.e. large enough in volume to matter for the overall market. Baltic Dry Index (BDI) - Stock Chart 1 year period source: tradingeconomics.com Baltic Dry Index (BDI) - Stock Chart 2011 till now source: tradingeconomics.com These rate assessments are then weighted together to create both the overall BDI and the size specific Supramax, Panamax, and Capesize indices. The BDI factors in the four different sizes of oceangoing dry bulk transport vessels: Ship Classification Dead Weight Tons % of World Fleet % of Dry Bulk Traffic Capesize 100,000+ 10% 62% Panamax 60,000-80,000 19% 20% Supramax 45,000-59,000 37% 18% w/ Handysize Handysize 15,000-35,000 34% 18% w/ Supramax