The Baltic Dry Index is reported daily by the London Baltic Exchange. The index provides a benchmark for the shipping price of major commodities. Currently, the Baltic Dry Index reaches its lowest level since December 2020.
The index is a composite of three sub-indices measuring different sizes of dry bulk carriers: Capesize, which typically carries iron ore or coal cargoes of approximately 150,000 tonnes; Panamax, which generally carries coal or grain cargoes of around 60,000 to 70,000 tons; and Supramax, with a load capacity of between 48,000 and 60,000 tons. The Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grain, and many other commodities.
During the week, a decline of 13.4% was recorded, mainly due to the drop in the capesize segment.
The Baltic Dry Index, BDI, which reflects the freight prices of bulk carriers taking 23 maritime routes as a reference, has registered a decrease of 41 points to 1,279 on Friday, August 19, 2022, its lowest level since December 2020 During the week, a decline of 13.4% has been recorded.
The segment, referring to ships that transport up to 150,000 tons of bulk, such as iron or coal, stood at 756 points, which represents a decrease of 111 points or 12.8% less than the previous day. Similarly, on a weekly level, it has registered a drop of 42.5%, the worst in eight months.
In his case, the Panamax segment, corresponding to ships that transport between 60,000 and 70,000 tons of coal and other types of bulk, has lost 61 points or 3.5%, reaching 1,688 points. Since the previous week, it has fallen by 11.5%.
The average daily income for the ‘capesize’ segment has been 6,267 dollars, while in the case of the Panamax, it has been 15,188. Finally, the index for Supramax ships has gained 37 points, reaching 1,735.
Source: Cadena de Suministro
