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. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages. FBX00 - Global Container Index 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. 72,360 cbm grain / 70,557 cbm bale BLPG3 - US Gulf to Japan (TRIAL). Key Takeaways [13][14] This, combined with the collapsing price of raw commodities created a perfect storm for the world's marine commerce. Handysize (38,200 dwt) FBX01 - China/East Asia to North America 12 knots laden / 13 knots ballast on 43mt fuel oil (380cst), no diesel at sea, P1A_82 - Skaw-Gib transatlantic round voyage S10_58 - South China trip via Indonesia to south China. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 44 points, or 3.2% to 1,418, a peak since Oct. 16, 2020. The decision to not include Handysize contributions makes no statistical difference to the calculation of the BDI, based on the above weightings. The routes are meant to be representative, i.e. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. C2 - Tubarao to Rotterdam TOPEX is calculated using crewing, technical and insurance costs. TC6 - Algeria to European Mediterranean (CPP, UNL) Max age 15 yrs The data includes a headline index – the FBX Global Container Index – a weighted average of the 12 underlying tradelanes. The BDI is the successor to the Baltic Freight Index (BFI) and came into operation on 1 November 1999. TC17 - Middle East Gulf to East Africa Debt load of future ship construction was also a problem for shipping companies, with several major bankruptcies and implications for shipyards. Payroll or employment numbers are often estimates; consumer confidence appears to measure nothing more than sentiment, often with no link to actual consumer behavior; gross national product figures are consistently revised; and so forth. * 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 one-week high. TD20 - West Africa to UK-Continent FBX14 - Mediterranean to China/East Asia [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. Aframax (115,000 dwt) TD17 - Baltic to UK-Cont The BDI is based on daily assessments of the following 20 routes: The BDI contains route assessments based only on time-charter hire rates "USD hire paid per day". [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. 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 TC18 - US Gulf to Brazil, MR Atlantic Basket (uses: TC2 TCE & TC14 TCE) FBX11 - China/East Asia to North Europe 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. 38,200mt dwt on 10.538m SSW large enough in volume to matter for the overall market. The demand for shipping varies with the amount of cargo that is being traded or moved in various markets (supply and demand). S8_58 - South China trip via Indonesia to east coast India HS2_38 - Skaw-Passero trip to Boston-Galveston The Baltic Dry Index (BD) is a composite of the dry bulk timecharter averages of the Capesize (40%), Panamax (30%) and Supramax (30%) indices. TD15 - West Africa to China 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. The Baltic Dry Index (BDI), is issued daily by the London-based Baltic Exchange. LOA 229m, beam 32.25m, TPC 70.5 TC15 - Med / Far East (naphtha) S5_58 - West Africa trip via east coast South America to north China FBX26 - Europe to South America West Coast. 4 x 30 ton cranes S9_58 - West Africa trip via east coast South America to Skaw-Passero C16 - Revised backhaul FBX03 - China/East Asia to North America East Coast TC7 - Singapore to east coast Australia (CPP) If you click “Accept Cookies”, or continue without changing your settings, we will assume you consent to their use. Today's Baltic Exchange has its roots in a committee of merchants formed in 1823 to regulate trading and formalize the exchange of securities on the premises, which by then had moved to the Antwerp Tavern. 5 holds / 5 hatches 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 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. TC5 - Middle East Gulf to Japan (CPP, UNL, naphtha condensate) TD24 - Pacific Russia to China The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 9 points, or 0.5%, at 1,837, its highest since Jan. 13. 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