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Index performance for BDI Baltic Exchange Dry Index (BDIY) including value, chart, profile & other market data. · Index performance for Dow Jones Industrial Average (INDU) Bloomberg quickly and accurately delivers business and financial information.
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Please wait a minute before you try to comment again. Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website. This comment has already been saved in your Saved Items. Anyone knows why the daily BDI index of this week is not indicated on the chart? Sal Nan Dec 12, 8: George Fontano Nov 21, 7: Global trade is slowing down oil is lower as well.
Toby Copson Nov 21, 7: Yoon Yoon Nov 13, Toby Copson Nov 13, Capt Sunil Nar Nov 13, 5: Just want to understand which trade route and commodity in dry bulk will be having good market in coming years for us to plan our vessels accordingly, also how will be shipping market in coming years.
Matthew AM Sep 05, If Baltic Dry Index can breakout and close bellow the MK Kim Sep 05, Already it dropped so much and It keep dropping. Bruce Lee Aug 14, 2: Sergio Orenes Jul 24, 8: Ram Kotak Apr 22, 5: Baltic Dry Index is a measure of how much it costs to ship raw materials like iron ore, steel, cement, and so on. Investors follow BDI as it is a leading indicator that provides a clear view into the global demand for commodities and raw materials.
As the BDI increases, the cost of raw materials also get increased. The index can be accessed on a subscription basis directly from the Baltic Exchange as well as from some financial information and news services such as Bloomberg and Reuters. From 1 March the BDI will be re-weighted to the following ratios of timecharter assessments: A multiplier of 0.
The decision to not include Handysize contributions makes no statistical difference to the calculation of the BDI, based on the above weightings. The Baltic Exchange will continue to report the Handysize vessel market and in November , as part of the ongoing review of its indices, launched a trial of a new Handysize Imabari 38 benchmark vessel and seven timecharter routes.
Most directly, the index measures the demand for shipping capacity versus the supply of dry bulk carriers. The demand for shipping varies with the amount of cargo that is being traded or moved in various markets supply and demand.
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,  the way you might park a car safely over the winter. So, marginal increases in demand can push the index higher quickly, and marginal demand decreases can cause the index to fall rapidly. In other words, small fleet changes and logistical matters can crash rates 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.
The BDI is considered by some people as a leading economic indicator because it predicts future economic activity. 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.
Payroll or employment numbers are often estimates; consumer confidence appears to measure nothing more than sentiment, often with no link to actual consumer behavior; gross national product figures are consistently revised, and so forth.
Unlike stock and bond markets, the BDI "is totally devoid of speculative content," says Howard Simons, an economist and columnist at TheStreet. On 20 May , the index reached its record high level since its introduction in , reaching 11, points. By the end of , shipping times had been already increased by reduced speeds to save fuel consumption, but lack of credit meant the reduction of letters of credit , historically required to load cargoes for departure at ports.
Debt load of future ship construction was also a problem for shipping companies, with several major bankruptcies and implications for shipyards. During , the index recovered as high as , but then bottomed out at in February, , after continued deliveries of new ships and flooding in Australia. Though rebounding to on 7 October,  by 3 February , the index made a new multi-decade low of on a continued glut of dry bulk carriers and decreases in orders of iron and coal.
On 10 February the Baltic Dry Index reached the historic low of
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