Aframax (115,000 dwt) FBX03 - China/East Asia to North America East Coast If you click “Accept Cookies”, or continue without changing your settings, we will assume you consent to their use. TC8 - Middle East Gulf to UK-Cont. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 4 points, or 0.3%, at 1,366, its highest level in over eight weeks. BLNG2 - Sabine / UK Cont RV The Baltic Exchange’s main sea freight index posted its sixth consecutive weekly gain boosted by growth across all vessel segments, 4 x 30t Cr + 12 cbm grabs More information is available in the different sections of the Baltic Supramax page, such as: historical data, charts, technical analysis and others. [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. TD8 - Kuwait to Singapore (Crude/DPP heat 135F) C17 - Saldanha Bay to Qingdao. P3A_82 - HK-S Korea incl Taiwan, one Pacific RV TD23 - Middle East Gulf to Mediterranean (Light Crude) TD12 - Amsterdam-Rotterdam-Antwerp to US Gulf [15], Though rebounding to 2000 on 7 October,[16] by 3 February 2012, the index made a new multi-decade low of 647 on a continued glut of dry bulk carriers and decreases in orders of iron and coal. LOA 229m, beam 32.25m, TPC 70.5 72,360 cbm grain / 70,557 cbm bale TD3C - Middle East Gulf to China TC10 - South Korea to NoPac west coast (CPP/UNL) Speed & consumptions including main engine & auxibrary engines: The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a three-session losing steak on Tuesday helped by higher rates for the capesize and supramax vessel segments. A multiplier of 0.1 will be applied. Disclaimer. TD2 - Middle East Gulf to Singapore * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 7 points, or 1.7%, to 418. Baltic Capesize 2014 vessel for Timecharter routes is a non scrubber fitted vessel based on the following description: 180,000mt dwt on 18.2m SSW draft The Baltic Exchange International Tanker Routes (BITR) reports on international oil routes and makes up the Baltic Exchange Dirty Tanker Index (BDTI) and the Baltic Exchange Clean Tanker Index (BCTI). Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Panamax (82,500 dwt) TC12 - Sikka (WCI) to Japan (naphtha) S8_58 - South China trip via Indonesia to east coast India TC11 - South Korea to Singapore (CPP) TD9 - Caribbean to US Gulf A quarterly index tracking the daily vessel operating costs for LPG and LNG carriers. [10] These low rates moved dangerously close to the combined operating costs of vessels, fuel, and crews. FBX11 - China/East Asia to North Europe * The capesize index was up … The Baltic Air freight Indices (BAI) reflect the weekly transactional rates for general cargo. Following consultation with members, in January 2018 the Baltic Exchange announced that it will be implementing changes to the Baltic Dry Index (BDI). The decision to not include Handysize contributions makes no statistical difference to the calculation of the BDI, based on the above weightings. S4A_58 - US Gulf trip to Skaw-Passero 47,125 cbm grain / 45,300 cbm bale The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages. "[8], On 20 May 2008, the index reached its record high level since its introduction in 1985, reaching 11,793 points. [citation needed], "Shipping Indexes Signal Global Economic Trends - Globalization and Monetary Policy Institute 2010 Annual Report", Data from Wikinvest, "Composition of the Baltic Dry Index", "The surprising relevance of the Baltic dry index", Commodity indicators Show Strain On Bull (market), Why you should care about The Baltic Dry Index, Collapse in dry bulk shipping rates unprecedented in its severity, Commodity Shipping Index Advances the Most Since at Least 1985, Marine Shippers Scuttled As Baltic Measure Hits Low, Baltic Dry Index Drops Below 1,000 for First Time in Six Years, "Asian shipyards face prospect of bankruptcy", Shipper Industrial Carriers Files for Bankruptcy, Bloomberg Dry-Bulk Shipping Extends 2011 Drop to 20% on Australia Floods, "Baltic Dry Index Is At 2000 - But Nobody Is Watching", "Dry Bulk Freight Index Drops and Container Shipping Line Forecasts and Profits Slump", "Baltic Dry Index falls to 290, down 1 points", The best economic indicator you've never heard of, https://en.wikipedia.org/w/index.php?title=Baltic_Dry_Index&oldid=983743595, Articles with failed verification from February 2020, Articles with unsourced statements from May 2020, Creative Commons Attribution-ShareAlike License, China via Australia/Indonesia or South Africa or Brazil or US West Coast to UK/Continent/Mediterranean, HK-S Korea incl Taiwan 1 Pacific round voyage, Dely Spore or Busan (during US grain season) round voyage via Atlantic, Canakkale trip via Med or Bl Sea to China-South Korea, North China one Australian or Pacific round voyage, West Africa trip via east coast South America to north China, South China trip via Indonesia to east coast India, West Africa trip via east coast South America to Skaw-Passero, South China trip via Indonesia to south China, This page was last edited on 16 October 2020, at 00:24. TC6 - Algeria to European Mediterranean (CPP, UNL) BAI-LHR00 - London Heathrow Outbound Index, BAI-ORD00 - O'Hare Int'l, Chicago Outbound Index, BAI-PVG00 - Shanghai Pudong Outbound Index, BAI-LHR02 - London Heathrow to North America, BAI-LHR03 - London Heathrow to South East Asia, BAI-ORD01 - O'Hare Int'l, Chicago to Europe, BAI-ORD03 - O'Hare Int'l, Chicago to South East Asia, BAI-PVG02 - Shanghai Pudong to North America. TD7 - North Sea to Continent 13.5 knots laden on 33mt fuel oil (380cs t) / 14 knots ballast on 31mt fuel oil (380cs t) + 0.1 MGO at sea Some companies reached 2000%+ in share price gains in as little as 5 days. The main index has risen for eight of the last nine trading weeks. "People don't book freighters unless they have cargo to move. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages. 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 TD20 - West Africa to UK-Continent 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. The Baltic Dry Index (BDI), is issued daily by the London-based Baltic Exchange. 14 knots on 26mt IFO (380 CST) laden/24mt IFO (380 CST) ballast + 0.1 MDO at sea FBX24 - Europe to South America East Coast (CPP, UNL) TC17 - Middle East Gulf to East Africa Suezmax (158,000 dwt) TC18 - US Gulf to Brazil, MR Atlantic Basket (uses: TC2 TCE & TC14 TCE) TD25 - US Gulf to A-R-A, VLCC TCE (uses: TD1 & TD3C) 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 … C14 - China-Brazil round voyage C5 - West Australia to Qingdao TD17 - Baltic to UK-Cont The Baltic Dry Index (BD) is a composite of the dry bulk timecharter averages of the Capesize (40%), Panamax (30%) and Supramax (30%) indices. The supply of cargo ships is generally both tight and inelastic; it takes two years to build a new ship, and the cost of laying up a ship is too high to take out of trade for short intervals,[4] the way you might park a car safely over the winter. 14 knots laden / 15 knots ballast on 62mt fuel oil (380cst), no diesel at sea A quarterly index tracking the daily vessel operating costs for Aframax and MR product carriers. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. 198,000cbm grain 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. The BHSI and BSI reflect average spot market TCE earnings across several representative routes. 14 knots laden on 33mt fuel oil (380cst) / 14 knots ballast on 32mt fuel oil (380cst), no diesel at sea TC14 - US Gulf to Continent (CPP, UNL, diesel) VLCC (305,000 dwt) HS3_38 - Rio de Janeiro-Recalada trip to Skaw-Passero Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain. HS2_38 - Skaw-Passero trip to Boston-Galveston It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. The routes are meant to be representative, i.e. 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. 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 The Baltic dry index .BADI, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down 27 points, or 1.5%, at 1,810, but finished the week 3.2% higher. In 1744, the Virginia and Maryland coffee house in Threadneedle Street, London, changed its name to Virginia and Baltick, to more accurately describe the business interests of the merchants who gathered there. The capesize index edged 5 points lower, or 0.2%, to 3,077. 4 x 30 ton cranes TC7 - Singapore to east coast Australia (CPP) LOA 290m, beam 45m, TPC 121 Baltics. TC15 - Med / Far East (naphtha) The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 14 points, or 0.8%, to an over one-week low of 1,740. P6_82 - Dely Singapore for one round voyage via Atlantic. GOPEX is calculated using crewing, technical and insurance costs. A five year old dry dock cost, amortised over five years, is published separately. HS4_38 - US Gulf trip via US Gulf or north coast South America to Skaw-Passero large enough in volume to matter for the overall market. Click here to explore an interactive map of all our routes. MR Pacific Basket (uses: TC11 TCE & TC12 TCE), TD1 - Middle East Gulf to US Gulf 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. TC2_37 - Continent to US Atlantic coast (CPP, UNL) The Baltic Exchange Supramax Index (BSI) was officially launched in 2006 and is currently based on a standard 58,000 dwt bulk carrier. The demand for shipping varies with the amount of cargo that is being traded or moved in various markets (supply and demand). The Baltic Exchange will continue to report the Handysize vessel market and in November 2017, as part of the ongoing review of its indices, launched a trial of a new Handysize Imabari 38 benchmark vessel and seven timecharter routes. FBX22 - Europe to North America East Coast The Baltic Exchange's main sea freight index rose to its highest since October last year as capesize rates continued to firm. The data includes a headline index – the FBX Global Container Index – a weighted average of the 12 underlying tradelanes. FBX00 - Global Container Index The first daily freight index was published by the Baltic Exchange in January 1985.[2]. C3 - Tubarao to Qingdao FBX12 - North Europe to China/East Asia TD14 - South East Asia to east coast Australia The Baltic Dry Index (BDI), is issued daily by the London-based Baltic Exchange. C2 - Tubarao to Rotterdam TD15 - West Africa to China 12 knots on 18mt IFO (380 CST) laden/17mt IFO (380 CST) ballast + 0.1 MDO at sea, Baltic Exchange tanker assessments are published on both Worldscale and Time Charter Equivalent basis, TC1 - Middle East Gulf to Japan (CPP, UNL, naphtha condensate) MA5: MA10: MA20: MA60: MA120: MA260 (MA30+MA72)/2: … 97,000 cbm grain Baltics. As of 3 April 2017, the Baltic Supramax Index has been based on the following description: Standard “Tess 58” type vessel, non-scrubber fitted, with the following characteristics: – 58,328mt dwt on 12.80 m ssw – Max age 15 yrs – LOA 189.99m, beam 32.26m, TPC 57.5 – 72,360 cbm grain / 70,557 cbm bale – 5 holds, 5 hatches Key Takeaways A quarterly index tracking the daily vessel operating costs for Capesize, Panamax, Supramax and Handysize vessels. TD22 - US Gulf to China (assessed in US $/lumpsum) [13][14] This, combined with the collapsing price of raw commodities created a perfect storm for the world's marine commerce. P2A_82 - Skaw-Gib trip HK-S Korea incl Taiwan The Baltic Exchange's main sea freight index extended gains for a third day and rose 0.5% to 1,837 on Thursday, its highest level since January 13. P4_82 - HK-S Korea incl Taiwan trip to Skaw-Gib [citation needed], During 2009, the index recovered as high as 4661, but then bottomed out at 1043 in February, 2011, after continued deliveries of new ships and flooding in Australia. Baltic Supramax Index or BSI —The BSI is an index published by the Baltic Exchange which tracks gross time charter value for a specific 52,000 DWT vessel. 5 holds / 5 hatches TC5 - Middle East Gulf to Japan (CPP, UNL, naphtha condensate) LOA 180m / Beam 29.8m / TPC 49 The Baltic Exchange’s main sea freight index slipped on Monday, as weaker panamax and supramax rates more than offset rising capesize rates. 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. Baltic Handysize 38 vessel for Timecharter routes is a non-scrubber fitted vessel based on the following description: Singledeck self trimming geared bulk carrier The BDI is considered by some people as a leading economic indicator because it predicts future economic activity. We use cookies to ensure that we give you the best experience on our website. Every working day, a panel of international shipbrokers submits their assessment of the current freight cost on various routes to the Baltic Exchange. 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". C9_14 - Continent/Mediterranean trip China-Japan Max age 15 yrs FBX26 - Europe to South America West Coast. DOPEX is calculated using crewing, technical and insurance costs. The BDI is the successor to the Baltic Freight Index (BFI) and came into operation on 1 November 1999. 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. (CPP, UNL, ULSD) S2_58 - North China one Australian or Pacific round voyage TD24 - Pacific Russia to China The information contained in this website, as well as all trademarks and logos displayed therein, belong solely to Hudson Shipping Lines (Hudson), and may not be copied or reproduced in any format for either public or commercial use without the express written consent of Hudson. Baltic Exchange dry bulk assessments are made on a dollar per day time-charter or dollar per tonne voyage basis. Delivery in Bangaldesh, India & Pakistan, Freight Derivatives and Shipping Risk Management. S9_58 - West Africa trip via east coast South America to Skaw-Passero These rate assessments are then weighted together to create both the overall BDI and the size specific Capesize, Panamax, and Supramax indices. TC9 - Baltic to UK-Cont. FBX14 - Mediterranean to China/East Asia Max age 10 yrs Superhandy (Tess 58 type) * 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. Debt load of future ship construction was also a problem for shipping companies, with several major bankruptcies and implications for shipyards. "if you have 100 ships competing for 99 cargoes, rates go down, whereas if you've 99 ships competing for 100 cargoes, rates go up. 12 knots laden / 13 knots ballast on 43mt fuel oil (380cst), no diesel at sea, P1A_82 - Skaw-Gib transatlantic round voyage Great Lakes Brewery Brings Back Beatrix Baltic Porter. The Freightos Baltic Indices (FBX) reflect weekly spot rates for 40-foot containers. C16 - Revised backhaul 5 holds/hatches Baltic Supramax vesssel for Timecharter routes is based on a non-scrubber fitted standard “Tess58 ” type vessel of the following description: 58,328mt dwt on 12.80 m ssw 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. 38,200mt dwt on 10.538m SSW FBX02 - North America West Coast to China/East Asia S3_58 - North China trip to West Africa So, marginal increases in demand can push the index higher quickly, and marginal demand decreases can cause the index to fall rapidly. FBX13 - China/East Asia to Mediterranean C7 - Bolivar to Rotterdam The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in a week on Wednesday as vessel rates improved across all segments. Max Age 15 Years Baltic Panamax vessel for Timecharter routes is a non-scrubber fitted vessel based on the following description: 82,500mt dwt on 14.43m SSW draft e.g. ... Spider Brewing Company taps into Baltic porter | lifestyle. BLNG3 - Sabine / Tokyo RV, BLPG1 - Middle East Gulf to Japan The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was up for a third straight session on Thursday as higher demand for panamax and supramax vessels outweighed a slight dip in capesizes. TD6 - Black Sea to Mediterranean [17], On 10 February 2016 the Baltic Dry Index reached the historic low of 290. Baltic Supramax Overview Comprehensive information about the Baltic Supramax index. For more information see our privacy policy. The BDI factors in three different sizes of oceangoing dry bulk transport vessels:[3]. [18], By 15 November 2016 it rebounded to over 1000 sending the entire shipping industry to massive gains. 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. Unlike stock and bond markets, the BDI "is totally devoid of speculative content," says Howard Simons, an economist and columnist at TheStreet.com. [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. The Baltic Dry Index (BD) is a composite of the dry bulk timecharter averages of the Capesize (40%), Panamax (30%) and Supramax (30%) indices. Handysize (38,200 dwt) The Baltic Exchange Dry Index (BDI) is calculated by taking the timecharter components of the Baltic’s capesize, panamax and supramax indices. The data includes a headline index - the BAI Index – a weighted average of the 17 underlying destination basket routes, as well as six outbound indices – a weighted average of the destination baskets from each of the six origin airports. The index can be accessed on a subscription basis directly from the Baltic Exchange as well as from some financial information and news services such as Bloomberg and Reuters. 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. Suezmax TCE (uses: TD6 & TD20) Most directly, the index measures the demand for shipping capacity versus the supply of dry bulk carriers. BLPG2 - US Gulf to Continent (TRIAL) LOA 189.99m, beam 32.26m, TPC 57.5 P5_82 - South China, one Indonesian round voyage The index indirectly measures global supply and demand for the commodities shipped aboard dry bulk carriers, such as building materials, coal, metallic ores, and grains. HS7_38 - North China-South Korea-Japan trip to south east Asia. S4B_58 - Skaw-Passero trip to US Gulf HS6_38 - North China-South Korea-Japan trip to North China-South Korea-Japan BLPG3 - US Gulf to Japan (TRIAL). The capesize index .BACI fell 107 points, or 3.5%, to 2,970, but was up 2.7% this week. The Baltic Dry Index is a composite of three sub-indices that measure different sizes of dry bulk carriers or merchant ships: Capesize, Panamax, and Supramax. , on 10 February 2016 the Baltic Air freight Indices ( FBX ) reflect spot... Aframax and MR product carriers dwt bulk carrier day, a panel of international shipbrokers submits their of! 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Charter. push the index provides `` an assessment of the last nine trading weeks in demand push... A standard 58,000 dwt bulk carrier higher quickly, and marginal demand can! Of future ship construction was also a problem for shipping companies, with major! ( FBX ) reflect the weekly transactional rates for 40-foot containers Company taps into Baltic porter lifestyle... For Aframax and MR product carriers to firm of 290 ], by 15 November 2016 it rebounded over... Can cause the index to fall rapidly time-charter or dollar per day time-charter or dollar per tonne voyage.! As Capesize rates continued to firm the routes are meant to be baltic supramax index, i.e nine. Stocks as well as a general shipping market bellwether also a problem for shipping capacity versus supply... Is the successor to the combined operating costs for Capesize, Panamax, Supramax and Handysize...Baci fell 107 points, or 0.2 %, to 3,077 load of baltic supramax index ship construction was a. Without changing your settings, we will assume you consent to their use click “ cookies... Reflect weekly spot rates for baltic supramax index cargo Baltic sea countries, the index measures the demand for shipping,... Supramax and Handysize vessels underlying tradelanes Basin Ports up 5.2 % in December 2020 the index... Published separately volume to matter for the overall BDI and the size specific Capesize Panamax. To move into Baltic porter | lifestyle, Panamax and Supramax Timecharter Averages year! To 2,970, but was up 2.7 % this week index reached baltic supramax index low... On 10 February 2016 the Baltic Exchange 17 ], by 15 November 2016 it to! Countries, the index measures the demand for shipping companies, with several major bankruptcies and baltic supramax index! Tce earnings across several representative routes materials by sea Traffic via Baltic Basin Ports up 5.2 % in 2020! 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