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 last week of Q3 ended on a positive note with surging rates across all major vessel classes. Capesize rates are currently below the Q3 average, but the firm demand, especially in Asia is believed to bring rates back towards the $30.000 mark.
Weekly change: Closed at 1.540 point, up 8,99%
BCI – Baltic Capesize Index (40% of BDI)
The positive end of the previous week continued Monday with a 1,9% gain. The positive momentum continued Tuesday with another 1,1% hike. Wednesday was a very good day for the Capes, trading 6,4% higher. The positive trend continued throughout the week with 2,5% gain on Thursday, and 2,1% on Friday.
Weekly change: Closed at $18.350, up 14,74%
BPI – Baltic Panamax Index (30% of BDI)
Panamax earnings surged 1,5% on Monday and continued Tuesday, up 1,8%. The overall positive Wednesday gave 2,3% higher rates. Thursday closed 0,7% above Wednesday. Friday slowed down slightly, finishing the week with a 0,3% gain.
Weekly change: Closed at $13.595, up 6,8%
BSI – Baltic Supramax Index (30% of BDI)
Earnings in the segment have been positive for a while and continued its development on Monday with a 0,9% hike. The daily moderate gain continued with 0,6% on Tuesday and 0,5% on Wednesday. Supra earnings developed relatively flat on Thursday, up 0,1%, and fell Friday 0,1%.
Weekly change: Closed at $12.980, up 2%