What is Baltic Dry Index (BDI) Back to list

Member SinceJul 08, 2021

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Nov 24, 2021 a 02:39
Baltic Dry Index (BDI) is a transportation and trade index created by the Baltic Exchange in London. It measures changes in the cost of transferring raw resources like coal and steel.

It is published daily by the Baltic Exchange in London. The Baltic Dry Index consists of four subindices that quantify the various sizes of dry cargo ships or merchant vessels: Capesize, Panamax, Supramax, and Handysize. Throughout the world, it is widely considered to be an indicator for dry bulk shipment stocks and a turning point for the overall shipping market.

On November 1, 1999, the Baltic Freight Index (BDI) replaced the Baltic Freight Index (BFI). BDI persists the BFI's prescribed time series; however, the voyages and vessels covered by the index have changed over the years, so caution should be practiced in assuming long-term data consistency.

Exchange members contact delivery brokers directly to determine prices for specific shipping routes, a product to ship, and delivery time frames.

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