What is the Baltic Line index?
The Baltic Dry Index (BDI) is issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
What is Baltic index today?
| Price | Day | |
|---|---|---|
| Baltic Dry | 2,805.00 | 3.20% |
| CRB Index | 251.48 | 0.44% |
| LME Index | 4,381.30 | 0% |
| S&P GSCI | 2,868.30 | 0% |
What is 4TC?
For example the average of four key routes in the Capesize (172,000 DWT) market, known as the 4 timecharter average (4TC), is often used as a benchmark for the value of a Capesize ship in the global marketplace. This process is growing in the tanker market, but overall is less prevalent.
What is the Capesize index?
* Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, increased $83 to $86,953. …
What is Capesize vessel?
The “Capesize” is the largest class of bulkship that can carry any type of cargo, such as iron ore and coal in main. They are called “Capesize” ships as they cannot pass through the Panama Canal and have to go around the Cape of Good Hope to sail between the Pacific and Atlantic oceans.
Why was the Baltic Dry Index so high in 2008?
Two key drivers of the BDI have undergone significant shifts since the index peaked in 2008: the supply of cargo ships and the Chinese economy. When shipping prices and shipping demand were higher not too many years ago, more cargo ships were ordered to meet the demand.
Why is BDI dropping?
The major factors impacting the BDI are: Commodity Demand. This is mainly a volume impact that could be irrespective of commodity prices. If expectations about future demand change and producers reduce their raw materials demand accordingly, then the BDI will drop.
Where can I trade freight futures?
Freight Futures contracts can be traded on Nodal Exchange both on a central limit order book and via block trades. All transactions on Nodal Exchange are cleared through Nodal Clear, using the same award-winning portfolio margining methodology.
What is the freight futures market?
What are Freight Futures? Freight Futures are derivatives contracts that reflect the expected future level of freight rates. Freight futures contracts mainly exist for dry bulk and tanker freight rates. Dry bulk freight futures are monthly contracts and are quoted in US dollars per day.
Why is the Baltic Dry Index so high?
Sept 20 (Reuters) – The Baltic Exchange’s main dry bulk sea freight index rose to a 12-year high on Monday, as rates across vessel segments jumped on robust demand and global shipping constraints.
How much can a Capesize carry?
Capesize vessels are the largest dry bulk marine option, measuring roughly 230m to 270m long with a draft of 17m and nine cargo holds. Due to their larger size, only a few ports can accommodate them while fully loaded. Their carrying capacity is between 110,000 and 200,000 DWT.
How many Capesize ships are there?
There were 523 Capesize bulker traveling globally, connected 121 ports in 31 counties. About 84 percent of ships are between 200,000 to 300,000dwt.