Subscribe to RSS feedBaltic Exchange Index calculations overhauled
The Baltic Exchange has made the first significant structural changes to the Baltic Dry Index calculations since January 2007, in a bid to open up freight derivatives trading to banks and other financial institutions.
Winds of change: Baltic Exchange
As of yesterday, the BDI, the global barometer of bulk commodities freight rates, will be calculated solely on the average time charter rates of four bulk carrier types: capesize, panamax, supramax and handysize.
Voyage rates, which provide a dollar-per-tonne rate
for...
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