TD23 - Middle East Gulf to Mediterranean (Light Crude) 97,000 cbm grain TD2 - Middle East Gulf to Singapore The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in a week on Wednesday as vessel rates improved across all segments. We use cookies to ensure that we give you the best experience on our website. [11][12], By the end of 2008, shipping times had been already increased by reduced speeds to save fuel consumption, but lack of credit meant the reduction of letters of credit, historically required to load cargoes for departure at ports. The Baltic Air freight Indices (BAI) reflect the weekly transactional rates for general cargo. S4B_58 - Skaw-Passero trip to US Gulf TC16 - Amsterdam to offshore Lome (CPP) TC18 - US Gulf to Brazil, MR Atlantic Basket (uses: TC2 TCE & TC14 TCE) The Baltic Exchange’s main sea freight index slipped on Monday, as weaker panamax and supramax rates more than offset rising capesize rates. The Baltic Dry Index (BD) is a composite of the dry bulk timecharter averages of the Capesize (40%), Panamax (30%) and Supramax (30%) indices. 38,200mt dwt on 10.538m SSW The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages. External research concluded that the contribution of the various dry bulk vessel types to the dry bulk market was 40% Capesize, 25% Panamax, 25% Supramax and 10% Handysize. For more information see our privacy policy. C7 - Bolivar to Rotterdam (CPP, UNL) C10_14 - China-Japan transpacific round voyage Max age 12 yrs [1] S2_58 - North China one Australian or Pacific round voyage The Baltic Dry Index (BD) is a composite of the dry bulk timecharter averages of the Capesize (40%), Panamax (30%) and Supramax (30%) indices. TD8 - Kuwait to Singapore (Crude/DPP heat 135F) Baltics. [18], By 15 November 2016 it rebounded to over 1000 sending the entire shipping industry to massive gains. * The capesize index was up … So, marginal increases in demand can push the index higher quickly, and marginal demand decreases can cause the index to fall rapidly. The Baltic dry index .BADI, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down 27 points, or 1.5%, at 1,810, but finished the week 3.2% higher. Most directly, the index measures the demand for shipping capacity versus the supply of dry bulk carriers. Max Age 15 Years These rate assessments are then weighted together to create both the overall BDI and the size specific Capesize, Panamax, and Supramax indices. From 1 March 2018 the BDI will be re-weighted to the following ratios of timecharter assessments: 40% Capesize, 30% Panamax and 30% Supramax and will no longer include the Handysize timecharter average. Baltic Supramax Streaming Chart Get instant access to a free live streaming chart of the Baltic Supramax. Suezmax (158,000 dwt) S4A_58 - US Gulf trip to Skaw-Passero FBX21 - North America East Coast to Europe Max age 10 yrs FBX04 - North America East Coast to China/East Asia Baltic Supramax index, BSI. LOA 189.99m, beam 32.26m, TPC 57.5 FBX12 - North Europe to China/East Asia The capesize index edged 5 points lower, or 0.2%, to 3,077. S3_58 - North China trip to West Africa The BDI factors in three different sizes of oceangoing dry bulk transport vessels:[3]. [6][7], Other leading economic indicators, which serve as the foundation of important political and economic decisions, are often measured to serve narrow interests, and subjected to adjustments or revisions. If you click “Accept Cookies”, or continue without changing your settings, we will assume you consent to their use. The main index has risen for eight of the last nine trading weeks. The decision to not include Handysize contributions makes no statistical difference to the calculation of the BDI, based on the above weightings. TD7 - North Sea to Continent TC6 - Algeria to European Mediterranean (CPP, UNL) TD14 - South East Asia to east coast Australia 12 knots on 18mt IFO (380 CST) laden/17mt IFO (380 CST) ballast + 0.1 MDO at sea, Baltic Exchange tanker assessments are published on both Worldscale and Time Charter Equivalent basis, TC1 - Middle East Gulf to Japan (CPP, UNL, naphtha condensate) Delivery in Bangaldesh, India & Pakistan, Freight Derivatives and Shipping Risk Management. Disclaimer. e.g. S9_58 - West Africa trip via east coast South America to Skaw-Passero [citation needed], "Shipping Indexes Signal Global Economic Trends - Globalization and Monetary Policy Institute 2010 Annual Report", Data from Wikinvest, "Composition of the Baltic Dry Index", "The surprising relevance of the Baltic dry index", Commodity indicators Show Strain On Bull (market), Why you should care about The Baltic Dry Index, Collapse in dry bulk shipping rates unprecedented in its severity, Commodity Shipping Index Advances the Most Since at Least 1985, Marine Shippers Scuttled As Baltic Measure Hits Low, Baltic Dry Index Drops Below 1,000 for First Time in Six Years, "Asian shipyards face prospect of bankruptcy", Shipper Industrial Carriers Files for Bankruptcy, Bloomberg Dry-Bulk Shipping Extends 2011 Drop to 20% on Australia Floods, "Baltic Dry Index Is At 2000 - But Nobody Is Watching", "Dry Bulk Freight Index Drops and Container Shipping Line Forecasts and Profits Slump", "Baltic Dry Index falls to 290, down 1 points", The best economic indicator you've never heard of, https://en.wikipedia.org/w/index.php?title=Baltic_Dry_Index&oldid=983743595, Articles with failed verification from February 2020, Articles with unsourced statements from May 2020, Creative Commons Attribution-ShareAlike License, China via Australia/Indonesia or South Africa or Brazil or US West Coast to UK/Continent/Mediterranean, HK-S Korea incl Taiwan 1 Pacific round voyage, Dely Spore or Busan (during US grain season) round voyage via Atlantic, Canakkale trip via Med or Bl Sea to China-South Korea, North China one Australian or Pacific round voyage, West Africa trip via east coast South America to north China, South China trip via Indonesia to east coast India, West Africa trip via east coast South America to Skaw-Passero, South China trip via Indonesia to south China, This page was last edited on 16 October 2020, at 00:24. large enough in volume to matter for the overall market. The Freightos Baltic Indices (FBX) reflect weekly spot rates for 40-foot containers. The Baltic Exchange's main sea freight index extended gains for a third day and rose 0.5% to 1,837 on Thursday, its highest level since January 13. The first daily freight index was published by the Baltic Exchange in January 1985.[2]. Container Traffic via Baltic Basin Ports Up 5.2% in December 2020. S10_58 - South China trip via Indonesia to south China. Baltic Exchange Supramax Index is a Trademark by The Baltic Exchange Limited, the address on file for this trademark is St Mary Axe, London Ec3a 8bh 72,360 cbm grain / 70,557 cbm bale The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 14 points, or 0.8%, to an over one-week low of 1,740. The Baltic Dry Index is a composite of three sub-indices that measure different sizes of dry bulk carriers or merchant ships: Capesize, Panamax, and Supramax. The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was up for a third straight session on Thursday as higher demand for panamax and supramax vessels outweighed a slight dip in capesizes. FBX00 - Global Container Index A quarterly index tracking the daily vessel operating costs for Aframax and MR product carriers. [10] These low rates moved dangerously close to the combined operating costs of vessels, fuel, and crews. TC12 - Sikka (WCI) to Japan (naphtha) VLCC (305,000 dwt) GOPEX is calculated using crewing, technical and insurance costs. 4 x 30 ton cranes TOPEX is calculated using crewing, technical and insurance costs. The BDI continues the established time series of the BFI, however, the voyages and vessels covered by the index have changed over time so caution should be exercised in assuming long term constancy of the data. Baltic Capesize 2014 vessel for Timecharter routes is a non scrubber fitted vessel based on the following description: 180,000mt dwt on 18.2m SSW draft The BHSI and BSI reflect average spot market TCE earnings across several representative routes. 5 holds / 5 hatches It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. 12 knots laden on 24mt fuel oil (380cst) / 12.5 knots ballast on 23mt fuel oil (380cst), no diesel at sea, HS1_38 - Skaw-Passero trip to Rio de Janeiro-Recalada 14 knots laden on 33mt fuel oil (380cst) / 14 knots ballast on 32mt fuel oil (380cst), no diesel at sea 14 knots on 26mt IFO (380 CST) laden/24mt IFO (380 CST) ballast + 0.1 MDO at sea MA5: MA10: MA20: MA60: MA120: MA260 (MA30+MA72)/2: … The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 88 points, or 5%, to 1,849, its highest since Oct. 9, 2020. A quarterly index tracking the daily vessel operating costs for LPG and LNG carriers. A five year old dry dock cost, amortised over five years, is published separately. Half a year later, on 5 December 2008, the index had dropped by 94%, to 663 points, the lowest since 1986;[9] though by 4 February 2009 it had recovered a little lost ground, back to 1,316. The data includes a headline index - the BAI Index – a weighted average of the 17 underlying destination basket routes, as well as six outbound indices – a weighted average of the destination baskets from each of the six origin airports. S5_58 - West Africa trip via east coast South America to north China P2A_82 - Skaw-Gib trip HK-S Korea incl Taiwan Aframax TCE (uses: TD7, TD8, TD9, TD14,TD17 & TD19), Baltic Exchange gas assessments are made on a time charter basis for LNG and a dollar per tonne voyage basis for LPG, BLNG1 - Gladstone / Tokyo RV It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. A multiplier of 0.1 will be applied. TD15 - West Africa to China C16 - Revised backhaul * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 4 points, or 0.3%, at 1,366, its highest level in over eight weeks. "if you have 100 ships competing for 99 cargoes, rates go down, whereas if you've 99 ships competing for 100 cargoes, rates go up. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 62 points, or 3.5%, at 1,828, a … LOA 180m / Beam 29.8m / TPC 49 TC8 - Middle East Gulf to UK-Cont. TC17 - Middle East Gulf to East Africa More information is available in the different sections of the Baltic Supramax page, such as: historical data, charts, technical analysis and others. Unlike stock and bond markets, the BDI "is totally devoid of speculative content," says Howard Simons, an economist and columnist at TheStreet.com. TD22 - US Gulf to China (assessed in US $/lumpsum) The Baltic Dry Index (BDI), is issued daily by the London-based Baltic Exchange. 13.5 knots laden on 33mt fuel oil (380cs t) / 14 knots ballast on 31mt fuel oil (380cs t) + 0.1 MGO at sea FBX26 - Europe to South America West Coast. P3A_82 - HK-S Korea incl Taiwan, one Pacific RV [13][14] This, combined with the collapsing price of raw commodities created a perfect storm for the world's marine commerce. P4_82 - HK-S Korea incl Taiwan trip to Skaw-Gib Key Takeaways Because dry bulk primarily consists of materials that function as raw material inputs to the production of intermediate or finished goods, such as concrete, electricity, steel, and food, the index is also seen as an efficient economic indicator of future economic growth and production. The supply of cargo ships is generally both tight and inelastic; it takes two years to build a new ship, and the cost of laying up a ship is too high to take out of trade for short intervals,[4] the way you might park a car safely over the winter. HS6_38 - North China-South Korea-Japan trip to North China-South Korea-Japan TC5 - Middle East Gulf to Japan (CPP, UNL, naphtha condensate) BAI-LHR00 - London Heathrow Outbound Index, BAI-ORD00 - O'Hare Int'l, Chicago Outbound Index, BAI-PVG00 - Shanghai Pudong Outbound Index, BAI-LHR02 - London Heathrow to North America, BAI-LHR03 - London Heathrow to South East Asia, BAI-ORD01 - O'Hare Int'l, Chicago to Europe, BAI-ORD03 - O'Hare Int'l, Chicago to South East Asia, BAI-PVG02 - Shanghai Pudong to North America. 14 knots laden / 15 knots ballast on 62mt fuel oil (380cst), no diesel at sea * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 7 points, or 1.7%, to 418. [citation needed], During 2009, the index recovered as high as 4661, but then bottomed out at 1043 in February, 2011, after continued deliveries of new ships and flooding in Australia. The panamax index, which measures coal or grain cargos went up 1.4% to a one week peak of 1,639; and the supramax index gained 14 points to 1,133, a peak since late-October of 2019. FBX03 - China/East Asia to North America East Coast Following consultation with members, in January 2018 the Baltic Exchange announced that it will be implementing changes to the Baltic Dry Index (BDI). TC14 - US Gulf to Continent (CPP, UNL, diesel) LOA 290m, beam 45m, TPC 121 Baltics. BLNG3 - Sabine / Tokyo RV, BLPG1 - Middle East Gulf to Japan S1C_58 - US Gulf trip to China-south Japan Baltics. FBX02 - North America West Coast to China/East Asia This analysis was based on the fleet composition, vessel utilisation including ballasting and total cargo moved – based on import/export reports and AIS data, the BDI weightings will be reviewed on an annual basis. Handysize (38,200 dwt) The information contained in this website, as well as all trademarks and logos displayed therein, belong solely to Hudson Shipping Lines (Hudson), and may not be copied or reproduced in any format for either public or commercial use without the express written consent of Hudson. BLPG3 - US Gulf to Japan (TRIAL). Bareboat Charter —Also known as “demise charter." Indices ( BAI ) reflect weekly spot rates for 40-foot containers most directly, the index higher quickly and! Bsi ) was officially launched in 2006 and is currently based on a standard 58,000 dwt bulk carrier as... Aframax and MR product carriers then weighted together to create both the overall market 5 days factors three... Year old dry dock cost, amortised over five years, is issued daily the! 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