Subscribe to RSS feedBaltic Exchange moves to overhaul dry index
by
Michelle Wiese Bockmann, London
—
last modified
Jul 09, 2009 04:33 PM
THE Baltic Exchange has made the first significant structural changes to the Baltic Dry Index (BDI) calculations since January 2007, in a bid to open up freight derivatives trading to banks and other financial institutions.
As of July 1, the BDI, a global barometer of bulk commodities freight rates, is now calculated solely on the average time charter rates of four bulk carrier types: capesize, panamax, supramax and handysize.
Voyage rates, which provide a...
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