Baltic Dry Index week 36

BDI – Baltic Dry Index

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.

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

Weekly change: Closed at 1.490 point, down 5,64%

BCI – Baltic Capesize Index (40% of BDI)

The Capesize earnings fell 1,8% on Monday and continued with a hard hit on Tuesday. The rates fell 4,7% and closed under $20.000 for the first time in several weeks. Wednesday was not much better; another 4,4% drop. Thursday provide a break for the owners with a 0,6% hike, but fell 0,54% on Friday

Weekly change: Closed at $18.500, down 21,46%

BPI – Baltic Panamax Index (30% of BDI)

The Panamax rates started the week on the negative with a 1,6% fall on Monday. The negative trend continued with another 1,5% fall on Tuesday. On Wednesday the market slowed down further with a 0,8% fall. The Panamax rates followed the Capes throughout the week and closed 0,9% higher on Thursday. The earnings continued the positive momentum on Friday, up 0,79%.

Weekly change: Closed at $12.247, down 2,66%

BSI – Baltic Supramax Index (30% of BDI)

Supramax rates surged 0,1% on Monday. Tuesday ended up 0,2%. On Wednesday, Thursday and Friday, the development was flat.

Weekly change: Closed at $12.219, up 1,13%