Table of Contents
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).
Why is the Baltic Dry Index Important?
The Baltic Dry Index (BDI) is important because its value directly results from the supply and demand for raw materials and the cost to ship them. When the index changes in value, investors can look at it as a reflection of changes in economic activity and, in particular, infrastructure projects.
What is dry bulk in shipping?
What Is a Dry Bulk Commodity? A dry bulk commodity is a raw material that is shipped in large unpackaged parcels. Dry bulk consists of mostly unprocessed materials that are destined to be used in the global manufacturing and production process.
What is Baltic exchange for shipping industry?
What is the Baltic Exchange? The Baltic Exchange is a London-based exchange that provides real-time maritime shipping information to traders for settling physical and derivative shipping contracts. The exchange has regional offices in Singapore, Shanghai, and Athens.
How shipping markets are classified?
The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market.
What is shipping market cycle?
A shipping market cycle or shipping cycle is a particular type of economic cycle. These cycles correct markets when supply and demand are out of balance. Shipping markets are driven by freight rates, which can move up, move down or remain unchanged.
What are the Baltic Exchange assessments available for?
Baltic Exchange assessments are available for the dry bulk, tanker, gas and container box and air freight markets. Click here to explore an interactive map of all our routes. Baltic Exchange dry bulk assessments are made on a dollar per day time-charter or dollar per tonne voyage basis.
What is Baltic Dry Index?
Baltic Dry Index. The Baltic Dry Index (BDI) is a composite of the dry bulk timecharter averages and provides a continuous time series since 1985. Baltic Capesize Index (40%) Baltic Panamax Index (30%) Baltic Supramax Index (30%)
What is the history of the Baltic Exchange?
Understanding the Baltic Exchange. The Baltic Exchange was started in 1744 at a coffee house, where shipowners and merchants gathered to transact business, in Threadneedle Street in London. To bring order to informal trades, membership and rules of trades were devised in 1823. As England’s trading connections and prowess grew,…
Is the BHSI included in the BDI calculation?
Since March 2018 the BHSI is no longer included in the BDI calculation but is still reported apart. Applicable weightings for the calculation of the Time Charter Average value are the following routes: HS1_38 (12.5%), HS2_38 (12.5%), HS3_38 (12.5%), HS4_38 (12.5%), HS5_38 (20%), HS6_38 (20%), HS7_38 (10%).