Home World Baltic Dry Index as of December 2

Baltic Dry Index as of December 2

The Baltic Dry Index rose by 2.23%

On 2 December 2021, the Baltic Dry Index rose to 3,115 points, up 68 points (+2.23%) versus the level of December 1.

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 articleMABUX: Bunker prices may demonstrate multidirectional changes with tendency to grow on Dec 3
Next articleWärtsilä to deliver the first-ever Cloud Simulation service in Africa at the Technical University of Mombasa