What is Baltic index today?
Table of Contents
What is Baltic index today?
| Price | Month | |
|---|---|---|
| Baltic Dry | 2,043.00 | -18.74% |
| CRB Index | 294.64 | -15.47% |
| LME Index | 3,696.80 | -19.84% |
| S&P GSCI | 3,585.40 | -15.50% |
How do I get the Baltic Dry Index?
Indexes are not investable securities, but investors have some choices that offer exposure to the Baltic Dry Index.
- Dry Bulk Shippers. Perhaps the most obvious way to get exposure to the Baltic Dry Index is through the shares of dry bulk shipping companies.
- Commodities Producers.
- Oil.
- Country Funds.
What is Supramax Index?
Baltic Exchange Indices The Baltic Exchange Supramax Index (BSI) was officially launched in 2006 and is currently based on a standard 58,000 dwt bulk carrier. The BHSI and BSI reflect average spot market TCE earnings across several representative routes.
Why is the Baltic index so high?
The Baltic Dry Index typically increases in value as demand for commodities and raw goods increases and decreases in value as demand for commodities and raw goods decreases.
Is there a shipping index?
About The Cass Freight Indexes The expenditures index measures the total dollars spent on freight transportation and includes both contract and spot market rates.
What is tracked by Baltic Dry Index?
The Baltic Dry Index (BDI) is issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
Does Denmark control the Baltic Sea?
Out of the countries with direct access to the Baltic sea, six are part of NATO (Denmark, Germany, Poland, Lithuania, Estonia and Latvia). Militarily non-aligned Sweden and Finland also have access to the sea, and so does Russia through the Kaliningrad exclave and the Gulf of Finland.
Why did Baltic Dry Index spike in 2008?
Shipping costs were previously so expensive because demand was strong and enormous cargo ships can’t be built overnight. As the demand disappeared, the Baltic Dry dived. Moving huge quantities of cargo is an energy-intensive activity, so the slump in oil prices is a large part of what’s happening here.
