20.02.2009 - BDI & DSK: Shipping chaos
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