Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Index, Investment, Market Pulse more

BDI & DSK: Shipping chaos

Posted on 20 February 2009

From Hardassetsinvestor.com: A quick recap: The Baltic Dry Index (BDI) is a weighted composite index of the daily rate to ship dry goods (largely ores) on three different sizes of ships on four main shipping routes. The index provides an idea of what the spot price is for hiring a ship, and by extension is an indicator of shipping supply and demand.

A high index level means the cost of hiring a boat is high (and shipping companies are making money - sometimes a lot of money). A low index level means that demand for ships is low and thus so are the costs of renting one…… Full Article: Source


 Article link

This post was written by:

VRS - who has written 37561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031