Home World Baltic Dry Index as of July 20

Baltic Dry Index as of July 20

The Baltic Dry Index fell by 0.36%

On 20 July 2021, the Baltic Dry Index fell to 3,053 points, down 6 points (-0.2%) versus the level of July 19.

BDI is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides “an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain. Because dry bulk primarily consists of materials that function as raw material inputs to the production of intermediate or finished goods, the index is also seen as an efficient economic indicator of future economic growth and production.

Previous articleENGINE: East of Suez Bunker Fuel Availability Outlook
Next articleMABUX: Global bunker prices may turn into slight upward correction on Jul.21 after dramatic drop the day before