What is the Supramax Index?
The index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargoes of about 150,000 tonnes; Panamax, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes; and Supramax, with a carrying capacity between …
Can you trade the Baltic Dry Index?
Dry bulk shippers power their ships with oil. In addition, big moves in the Baltic Dry Index could be a sign that oil demand is increasing or decreasing throughout the world.
How does the Baltic Exchange work?
The Baltic Exchange provides real-time maritime shipping information to settle physical and derivative shipping contracts. It provides a varied set of services, from information about freight markets to frameworks for business cooperation between various parties.
What are Baltic rates?
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.
What is the Baltic Handysize Index?
The Baltic Exchange Handysize Index (BHSI) was formally launched in 2007 and is a measure of the strength of spot freight earnings for smaller dry bulk vessels, currently based on a standard 38,000 dwt bulk carrier (since 2 Jan 2020).
When was the last update of the Baltic Exchange Dry Index?
Baltic Exchange Dry Index – data, forecasts, historical chart – was last updated on September of 2021. Baltic Exchange Dry Index is expected to trade at 3706.74 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
What is the Baltic Exchange iron ore index?
The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, declined 2.3% to 3,018, down for a fifth straight session; and the supramax index dipped 49 points to 2,455. Conversely, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, rose 1.5% to 2,811. source: Baltic Exchange
Is the Baltic Exchange an electronic freight exchange?
2/22/10 The London Metal Exchange has approached the Baltic Exchange to develop an electronic exchange for freight derivatives. 1/12/10 (Reuters) Dry bulk ship owners are insisting vessels go via the Cape of Good Hope on voyages from South Africa to Mediterranean ports to avoid pirates in the Gulf of Aden – adding 10 days to shipping times.
What kind of ships go through the Baltic Sea?
Taking in 23 shipping routes measured on a timecharter basis the index covers Handysize, Supramax, Panamax and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain. Every working day a panel of international shipbrokers submit their view of current freight cost on various routes to the Baltic Exchange.