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BDI – Baltic Dry Index

The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures the point 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.

Monday 27th was a bank holiday, hence the Baltic Exchange was closed.

Weekly change: Closed at 1 point, down 6,95%

BCI – Baltic Capesize Index (40% of BDI)
The Capesize earnings has been under pressure for a few weeks and continued this week with a 2,2% fall on Tuesday. The negative trend continued Wednesday with another 2,8% fall, and on Thursday with a 4,7% fall. Friday concluded the week with a 3,2% fall.
Weekly change: Closed at $21.354, down 9,34

BPI – Baltic Panamax Index (30% of BDI)
The positive momentum in the Panamax sector continued Tuesday with another 0,8% hike. On Wednesday the market slowed down 0,2%. Thursday ended down 1,9%, and Friday the rates fell another 2,3%.
Weekly change: Closed at $12.582, down 3,62%

BSI – Baltic Supramax Index (30% of BDI)
Supramax owners were the happiest bulker owners on Tuesday with a 1,4% rate hike. The rates strengthened Wednesday with 1%, and further 0,6% on Thursday. As the only segment, Supramax rates raised 0,3% on Friday.
Weekly change: Closed at $12.442, up 5,36%

Published by SIPA Maritime