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.
The negative momentum from the last couple of weeks turned towards the end of this week, especially the larger vessels experienced higher earnings. We are very bullish going into Q4 with rates already at healthy levels.
Weekly change: Closed at 1.413 point, up 3,44%
BCI – Baltic Capesize Index (40% of BDI)
The Capesize earnings continued its downward trend until Thursday when the momentum changed. Thursday and Friday were positive and brought the rates back to $16.000 at close.
Weekly change: Closed at $16.000, up 2,74%
BPI – Baltic Panamax Index (30% of BDI)
A relatively flat development in the beginning of the week, with a similar development as the Capes towards the week-end. Thursday and Friday brought the rates up almost 4% w-o-w.
Weekly change: Closed at $12.732, up 3,7%
BSI – Baltic Supramax Index (30% of BDI)
The Supramax earnings have had a positive development the last couple of weeks, though moderate. This development continued this week.
Weekly change: Closed at $12.729, up 1,5%