What is freight Baltic index?

What is freight Baltic index?

The Baltic Dry Index (BDI) is a measure of the correlation between the supply of large super bulk cargo ships (across three different sizes), and the demand to utilize the ships and their trade routes. It is a composite index that helps to assess freight costs on various routes throughout the globe.

What is a shipping index?

Container ship indexes measure either container ship spot rates or time-charter rates. Spot rate indexes record the current cash price of transporting an ISO- approved container across a designated route for immediate payment and delivery and serve as a sector snapshot of the container ship market.

What is the current Baltic Dry Index?

As of August 31, 2021, the Baltic Dry Index amounted to 4,132 points. This is about six times the value of 504 recorded at the end of May 2020 due to the coronavirus (COVID-19) pandemic.

Why is the Baltic 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.

What is the ClarkSea index?

ClarkSea Index. A weighted average index of earnings for the main vessel types where the weighting is based on the number of vessels in each fleet sector.

Is there a shipping index?

The index represents a market rate for freight for any given shipping lane for a 40′ container. The index is based on aggregated and anonymized real-time business data from global freight carriers, freight forwarders, and shippers that use the WebCargo by Freightos freight rate management platform.

How do you interpret the Baltic Dry Index?

The Baltic Dry Index (BDI) is an index of average prices paid for the transport of dry bulk materials across more than 20 routes. The BDI is often viewed as a leading indicator of economic activity because changes in the index reflect supply and demand for important materials used in manufacturing.

Can ULCC transit Suez Canal?

Very large crude carriers (VLCCs), tankers that carry 2 million barrels of oil, cannot transit the canal fully laden.

What was the value of the clarksea Index in 2007?

To put this in context against the boom years of the 2000s, in 2007 the ClarkSea Index averaged $33,061/day across a basket of over 15,000 ships, generating aggregate earnings of $189.1bn, over two and half times more than in 2016.

What was the net cash flow of clarksea in 2016?

Using a weighted index of OPEX across the ClarkSea Index basket and subtracting it from aggregate earnings would imply an overall net cash flow in of $23.4bn in 2016 (this compares to around $150bn in 2007 and 2008).

How much does the clarksea heart rate monitor cost?

A Clarksea Index between $10,000/day to $12,000/day range has appeared the most frequently, accounting for nearly a quarter of the weekly results between 1990 to the present day.

What does Clarksons mean by 60, 000 CBM?

Vessel defined by Clarksons as more than 60,000 cbm. The transportation of cargo from port (s) of loading to port (s) of discharge. Payment is normally per ton (ne) of cargo, and the shipowner pays for bunker, port and canal charges. Costs directly related to a specific voyage (eg. bunker, port and canal charges).