On June 10, 2020, the BDI index reported 764 points, up 50 points from the previous trading day
According to Sohang.com, the BDI index reported 764 points on June 10, 2020, up 50 points from the previous trading day.
On June 10, 2020, the BDI index reported 764 points, up 50 points from the previous trading day
On June 10, the Baltic Cape Cape Freight Index (BCI) reported 1039 points, up 180 points (20.95%) from the previous trading day. It has risen for 9 consecutive days, accumulating 3748.15%. The average charter cape charter rate (CAPESIZE) was reported at US$9,142 per day, up US$1,087 (13.49%) from the previous trading day. It has risen for 9 consecutive days, with a total of 183.21%. The tonnage of this type of ship is more than 80,000 tons. The main cargo is coking coal, coal combustion, iron ore sand, phosphate rock, bauxite and other industrial raw materials.
On June 10, 2020, the BDI index reported 764 points, up 50 points from the previous trading day
The Panamanian average rent level (PANAMAX) was reported at US$5,832/day, down US$24 (0.41%) from the previous trading day. It has fallen for 4 consecutive days, accumulating 2.80%. The tonnage of this type of ship is 50,000 to 80,000 tons, and the cargo is bulk materials such as living materials and grain.
The average rental level of Handysize (HANDYSIZE) was reported at US$3,589 per day, up US$81 (2.31%) from the previous trading day. It has risen continuously for 20 days, with a cumulative total of 67.55%. The tonnage of this type of ship is usually 4 to 5 tons.
The average rental level of Super Handyboat (SUPRAMAX) was reported at US$6116 per day, an increase of US$260 (4.44%) from the previous trading day. It has risen for 5 consecutive days and accumulated 12.53%. The tonnage of this type of ship is usually below 4 tons.
About BDI
BDI stands for Baltic Dry Index. It is a weighted calculation of the spot freight rates of several major routes. BDI is issued by the Baltic Exchange in London. The history can be traced back to 1744 in Virginia and London. Baltic Cafe. Every working day, the exchange will ask brokers around the world for the predetermined price of each shipping line. Index variables include variables such as the type and speed of the ship and the range.
On June 10, 2020, the BDI index reported 764 points, up 50 points from the previous trading day
The value of BDI
BDI provides an assessment of the shipping prices of major raw materials at sea, reflecting the current market conditions. It provides a rare window for a highly opaque and fragmented shipping market and an accurate barometer of global trade volume.
Unlike the stock and bond markets, BDI has no speculative content at all, and unless goods move, people will not book a cargo plane.
BDI can be used as a leading indicator of economy and production. Because it does not involve container ships that ship finished products. It involves raw materials for production: bulk carriers carrying building materials, cement, grain, coal and iron. The trend of the Baltic Index often precedes the trend of global stock markets. But the index also tends to indicate higher interest rates. When more things are shipped around the world, it needs to be funded. This creates greater demand for credit.
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