The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange.
Weekly change: Closed at 1.697 point, down 1,5%
BCI – Baltic Capesize Index (40% of BDI)
The Capesize sector started its week with a 0,3% fall on Monday and continued its downward trend from last week. Tuesday provided owners with a little break and closed up 0,1%, but Wednesday and Thursday the pressure was back on with a 1,1% fall on Wednesday, and another 4% fall on Thursday. Friday was another negative day for the Capes, with another fall of $2%. It is worth to mention that the rates at $23.555 are profitable for most owners.
Weekly change: Closed at $23.555, down 7,16%
BPI – Baltic Panamax Index (30% of BDI)
The Panamax owners had a great week last week with the earnings surging more than 10%. This week started on the same note with a 1,4% increase. Tuesday closed up another 1,6% and Wednesday provided another 2% increase. Thursday was the best day of the week with 3% higher rates. The week concluded on a positive note with another 1,4% higher rates.
Weekly change: Closed at $13.055, up 9,72%
BSI – Baltic Supramax Index (30% of BDI)
Supramax earnings surged 0,7% on Monday, another 0,6% on Tuesday and 0,8% on Wednesday. Thursday’s trading ended up 0,7%. The Supramax rates ended the week with a 0,7% raise.
Weekly change: Closed at $11.809, up 0,9%