What is the current Baltic Dry Index?

Monthly Baltic Dry Index value 2017-2021 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.

What is the Baltic Line 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.

Where is the Baltic index?

London
The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea.

Why is the Baltic Dry index so low?

The broader Baltic Dry Index, which tracks global shipping rates, fell to 466 on Monday, its lowest level in four years. The recent drop in freight rates also comes as a consequence of a slowdown in China’s domestic logistics.

What is Baltic Capesize 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.

How do I invest in the Baltic Dry Index?

Indexes are not investable securities, but investors have some choices that offer exposure to the Baltic Dry Index.

1. Dry Bulk Shippers. Perhaps the most obvious way to get exposure to the Baltic Dry Index is through the shares of dry bulk shipping companies.
2. Commodities Producers.
3. Oil.
4. Country Funds.

What is Baltic Dry Freight Index?

The Baltic Dry Index (BDI) is a daily priced indicator of the cost of shipping freight on various trade routes for dry bulk carriers, based on data submitted by shipbrokers to the Baltic Exchange in London.

What is Baltic Dry shipping index?

The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange . It measures changes in the cost of transporting various raw materials, such as coal and steel. Members of the exchange directly contact shipping brokers to assess price levels for given shipping paths,…

What is a freight index?

The Freight Transportation Services Index, commonly abbreviated as TSI is a measure of the volume of services that are performed by the transportation sector. This Index not only covers the number of activities in the freight carriers but also the passenger carriers.