| The Baltic Dry Index (BDI) is an important gauge of the world’s economic activity. The BDI measures shipping rates for dry commodities such as iron, coal and grains across the globe. The index covers 26 of the major shipping routes used around the world, and is therefore a good indicator of global economic activity.
In theory, when BDI rates are high that usually signals strong shipping activity which usually means a strong economic situation...............................................Full Article: Source
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