Baltic Dry Freight Index Down 26th Day In Succession
Posted By thestatedtruth.com on July 5, 2010
Baltic Dry Freight Index down nearly 3% today and for the 26th week in successuion!
By Definition:
The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry bulk cargoes.  The index provides “an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.”[1]
Â
Comments