As of Baltic Dry index estimations freight cost rose beyond 3500 points and equals 3615 points as of November 10, 2009. As per exchange auction results, an expansive freight growth started early October current year. It is necessary to point out that the index reached its highest level in 2009 (4291 point in June).
It is necessary to mention the index reached its maximum (over 11700 points) in May, 2008 and its plummet started mid July the same year. BDI index was at its minimum of 663 points on December 5, 2008
BDI is an index reflecting raw materials sea freight – metal, iron ore, coal and grain. The index comprises three other freight costs that differ in the vessels dimensions for which they are calculated - Capesize, Supramax and Panamax. BDI change dynamics enables investors and market participants analyze main tendencies of world demand and supply. The index is often referred to as the basic indicator of the future economic growth (if index grows) or recession (if it falls) as the raw materials on the basis of which the index is evaluated has low potential for speculative operations.
It is necessary to mention the index reached its maximum (over 11700 points) in May, 2008 and its plummet started mid July the same year. BDI index was at its minimum of 663 points on December 5, 2008
BDI is an index reflecting raw materials sea freight – metal, iron ore, coal and grain. The index comprises three other freight costs that differ in the vessels dimensions for which they are calculated - Capesize, Supramax and Panamax. BDI change dynamics enables investors and market participants analyze main tendencies of world demand and supply. The index is often referred to as the basic indicator of the future economic growth (if index grows) or recession (if it falls) as the raw materials on the basis of which the index is evaluated has low potential for speculative operations.