S4B_58 - Skaw-Passero trip to US Gulf 38,200mt dwt on 10.538m SSW C10_14 - China-Japan transpacific round voyage Max age 15 yrs DOPEX is calculated using crewing, technical and insurance costs. 198,000cbm grain C9_14 - Continent/Mediterranean trip China-Japan Suezmax TCE (uses: TD6 & TD20) S1C_58 - US Gulf trip to China-south Japan TC11 - South Korea to Singapore (CPP) large enough in volume to matter for the overall market. BLNG2 - Sabine / UK Cont RV TC15 - Med / Far East (naphtha) A quarterly index tracking the daily vessel operating costs for Aframax and MR product carriers. Because dry bulk primarily consists of materials that function as raw material inputs to the production of intermediate or finished goods, such as concrete, electricity, steel, and food, the index is also seen as an efficient economic indicator of future economic growth and production. 4 x 30 ton cranes C17 - Saldanha Bay to Qingdao. TD17 - Baltic to UK-Cont HS5_38 - South East Asia trip to Singapore-Japan Half a year later, on 5 December 2008, the index had dropped by 94%, to 663 points, the lowest since 1986;[9] though by 4 February 2009 it had recovered a little lost ground, back to 1,316. The panamax index, which measures coal or grain cargos went up 1.4% to a one week peak of 1,639; and the supramax index gained 14 points to 1,133, a peak since late-October of 2019. FBX22 - Europe to North America East Coast Debt load of future ship construction was also a problem for shipping companies, with several major bankruptcies and implications for shipyards. TC10 - South Korea to NoPac west coast (CPP/UNL) The BDI is based on daily assessments of the following 20 routes: The BDI contains route assessments based only on time-charter hire rates "USD hire paid per day". The data includes a headline index - the BAI Index – a weighted average of the 17 underlying destination basket routes, as well as six outbound indices – a weighted average of the destination baskets from each of the six origin airports. FBX01 - China/East Asia to North America  External research concluded that the contribution of the various dry bulk vessel types to the dry bulk market was 40% Capesize, 25% Panamax, 25% Supramax and 10% Handysize. The Baltic Exchange’s main sea freight index slipped on Monday, as weaker panamax and supramax rates more than offset rising capesize rates. The main index has risen for eight of the last nine trading weeks. TD23 - Middle East Gulf to Mediterranean (Light Crude) [1] BLPG2 - US Gulf to Continent (TRIAL) FBX12 - North Europe to China/East Asia The Baltic Exchange's main sea freight index extended gains for a third day and rose 0.5% to 1,837 on Thursday, its highest level since January 13. 97,000 cbm grain The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 88 points, or 5%, to 1,849, its highest since Oct. 9, 2020. Today's Baltic Exchange has its roots in a committee of merchants formed in 1823 to regulate trading and formalize the exchange of securities on the premises, which by then had moved to the Antwerp Tavern. The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a three-session losing steak on Tuesday helped by higher rates for the capesize and supramax vessel segments. The Baltic Exchange Dry Index (BDI) is calculated by taking the timecharter components of the Baltic’s capesize, panamax and supramax indices. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 14 points, or 0.8%, to an over one-week low of 1,740. P4_82 - HK-S Korea incl Taiwan trip to Skaw-Gib The BDI is considered by some people as a leading economic indicator because it predicts future economic activity. Some companies reached 2000%+ in share price gains in as little as 5 days. S10_58 - South China trip via Indonesia to south China. Baltic Exchange dry bulk assessments are made on a dollar per day time-charter or dollar per tonne voyage basis. 14 knots on 26mt IFO (380 CST) laden/24mt IFO (380 CST) ballast + 0.1 MDO at sea TD14 - South East Asia to east coast Australia The BDI continues the established time series of the BFI, however, the voyages and vessels covered by the index have changed over time so caution should be exercised in assuming long term constancy of the data. Baltic Panamax vessel for Timecharter routes is a non-scrubber fitted vessel based on the following description: 82,500mt dwt on 14.43m SSW draft [17], On 10 February 2016 the Baltic Dry Index reached the historic low of 290. 12 knots laden on 24mt fuel oil (380cst) / 12.5 knots ballast on 23mt fuel oil (380cst), no diesel at sea, HS1_38 - Skaw-Passero trip to Rio de Janeiro-Recalada MR Pacific Basket (uses: TC11 TCE & TC12 TCE), TD1 - Middle East Gulf to US Gulf Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. [6][7], Other leading economic indicators, which serve as the foundation of important political and economic decisions, are often measured to serve narrow interests, and subjected to adjustments or revisions. LOA 180m / Beam 29.8m / TPC 49 FBX21 - North America East Coast to Europe 12 knots laden / 13 knots ballast on 43mt fuel oil (380cst), no diesel at sea, P1A_82 - Skaw-Gib transatlantic round voyage 5 holds / 5 hatches ... Spider Brewing Company taps into Baltic porter | lifestyle. The first daily freight index was published by the Baltic Exchange in January 1985.[2]. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages. Click here to explore an interactive map of all our routes. TC12 - Sikka (WCI) to Japan (naphtha) Key Takeaways This analysis was based on the fleet composition, vessel utilisation including ballasting and total cargo moved – based on import/export reports and AIS data, the BDI weightings will be reviewed on an annual basis. Following consultation with members, in January 2018 the Baltic Exchange announced that it will be implementing changes to the Baltic Dry Index (BDI). The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 9 points, or 0.5%, at 1,837, its highest since Jan. 13. TD3C - Middle East Gulf to China The routes are meant to be representative, i.e. FBX03 - China/East Asia to North America East Coast [10] These low rates moved dangerously close to the combined operating costs of vessels, fuel, and crews. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 4 points, or 0.3%, at 1,366, its highest level in over eight weeks. [13][14] This, combined with the collapsing price of raw commodities created a perfect storm for the world's marine commerce. The Baltic dry index .BADI, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down 27 points, or 1.5%, at 1,810, but finished the week 3.2% higher. S8_58 - South China trip via Indonesia to east coast India LOA 189.99m, beam 32.26m, TPC 57.5 C14 - China-Brazil round voyage TD25 - US Gulf to A-R-A, VLCC TCE (uses: TD1 & TD3C) BLNG3 - Sabine / Tokyo RV, BLPG1 - Middle East Gulf to Japan Superhandy (Tess 58 type) * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 44 points, or 3.2% to 1,418, a peak since Oct. 16, 2020. HS2_38 - Skaw-Passero trip to Boston-Galveston FBX13 - China/East Asia to Mediterranean The Baltic Dry Index (BD) is a composite of the dry bulk timecharter averages of the Capesize (40%), Panamax (30%) and Supramax (30%) indices. Baltic Handysize 38 vessel for Timecharter routes is a non-scrubber fitted vessel based on the following description: Singledeck self trimming geared bulk carrier The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 62 points, or 3.5%, at 1,828, a … TD9 - Caribbean to US Gulf HS6_38 - North China-South Korea-Japan trip to North China-South Korea-Japan The Baltic Dry Index (BD) is a composite of the dry bulk timecharter averages of the Capesize (40%), Panamax (30%) and Supramax (30%) indices. Bareboat Charter —Also known as “demise charter." Weekly assessments of the price of a five year old vessel for the following types: Capesize (180,000 dwt) The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, was up for a thi... Baltic index up on higher panamax, supramax rates Research: Stocks: News Story The supply of cargo ships is generally both tight and inelastic; it takes two years to build a new ship, and the cost of laying up a ship is too high to take out of trade for short intervals,[4] the way you might park a car safely over the winter. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. The Freightos Baltic Indices (FBX) reflect weekly spot rates for 40-foot containers. Baltics. C8_14 - Gibraltar/Hamburg transatlantic round voyage P3A_82 - HK-S Korea incl Taiwan, one Pacific RV Baltic Supramax Index or BSI —The BSI is an index published by the Baltic Exchange which tracks gross time charter value for a specific 52,000 DWT vessel. The Baltic Exchange Supramax Index (BSI) was officially launched in 2006 and is currently based on a standard 58,000 dwt bulk carrier. "if you have 100 ships competing for 99 cargoes, rates go down, whereas if you've 99 ships competing for 100 cargoes, rates go up. 11.5 knots laden on 22mt fuel oil (380cs t) / 12.5 knots ballast on 23mt fuel oil (380cs t) + 0.1 MGO at sea, S1B_58 - Canakkale trip via Med or Bl Sea to China-South Korea FBX11 - China/East Asia to North Europe TD12 - Amsterdam-Rotterdam-Antwerp to US Gulf The Baltic Exchange International Tanker Routes (BITR) reports on international oil routes and makes up the Baltic Exchange Dirty Tanker Index (BDTI) and the Baltic Exchange Clean Tanker Index (BCTI). MR Product Tanker (51,000 dwt), Weekly assessments in US $/Lightweight for Large, medium and small bulk carriers and tankers * The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 62 points, or 3.5%, at 1,828, a one-week high. 4 x 30t Cr + 12 cbm grabs Unlike stock and bond markets, the BDI "is totally devoid of speculative content," says Howard Simons, an economist and columnist at TheStreet.com. P6_82 - Dely Singapore for one round voyage via Atlantic. The Baltic Dry Index is a composite of three sub-indices that measure different sizes of dry bulk carriers or merchant ships: Capesize, Panamax, and Supramax. For more information see our privacy policy. "[8], On 20 May 2008, the index reached its record high level since its introduction in 1985, reaching 11,793 points. FBX00 - Global Container Index The data includes a headline index – the FBX Global Container Index – a weighted average of the 12 underlying tradelanes. TD2 - Middle East Gulf to Singapore The Baltic Exchange’s main sea freight index posted its sixth consecutive weekly gain boosted by growth across all vessel segments, S5_58 - West Africa trip via east coast South America to north China FBX14 - Mediterranean to China/East Asia Great Lakes Brewery Brings Back Beatrix Baltic Porter. Panamax (82,500 dwt) The capesize index edged 5 points lower, or 0.2%, to 3,077. Disclaimer. The BDI is the successor to the Baltic Freight Index (BFI) and came into operation on 1 November 1999. MA5: MA10: MA20: MA60: MA120: MA260 (MA30+MA72)/2: … The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages. A quarterly index tracking the daily vessel operating costs for Capesize, Panamax, Supramax and Handysize vessels. * The capesize index was up … TD19 - Cross Mediterranean The BHSI and BSI reflect average spot market TCE earnings across several representative routes. TC5 - Middle East Gulf to Japan (CPP, UNL, naphtha condensate) [citation needed], "Shipping Indexes Signal Global Economic Trends - Globalization and Monetary Policy Institute 2010 Annual Report", Data from Wikinvest, "Composition of the Baltic Dry Index", "The surprising relevance of the Baltic dry index", Commodity indicators Show Strain On Bull (market), Why you should care about The Baltic Dry Index, Collapse in dry bulk shipping rates unprecedented in its severity, Commodity Shipping Index Advances the Most Since at Least 1985, Marine Shippers Scuttled As Baltic Measure Hits Low, Baltic Dry Index Drops Below 1,000 for First Time in Six Years, "Asian shipyards face prospect of bankruptcy", Shipper Industrial Carriers Files for Bankruptcy, Bloomberg Dry-Bulk Shipping Extends 2011 Drop to 20% on Australia Floods, "Baltic Dry Index Is At 2000 - But Nobody Is Watching", "Dry Bulk Freight Index Drops and Container Shipping Line Forecasts and Profits Slump", "Baltic Dry Index falls to 290, down 1 points", The best economic indicator you've never heard of, https://en.wikipedia.org/w/index.php?title=Baltic_Dry_Index&oldid=983743595, Articles with failed verification from February 2020, Articles with unsourced statements from May 2020, Creative Commons Attribution-ShareAlike License, China via Australia/Indonesia or South Africa or Brazil or US West Coast to UK/Continent/Mediterranean, HK-S Korea incl Taiwan 1 Pacific round voyage, Dely Spore or Busan (during US grain season) round voyage via Atlantic, Canakkale trip via Med or Bl Sea to China-South Korea, North China one Australian or Pacific round voyage, West Africa trip via east coast South America to north China, South China trip via Indonesia to east coast India, West Africa trip via east coast South America to Skaw-Passero, South China trip via Indonesia to south China, This page was last edited on 16 October 2020, at 00:24. 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