The Baltic Dry Index (BDI) is a measure of how much of cost is required to ship raw materials such as iron ore, steel, cement, coal etc., It is also known as the "Dry Bulk Index". around the world. It is an economic indicator issued daily by the London-based Baltic Exchange. The BDI index provides "an assessment of the price of moving the major raw materials by sea." The index is the representation of the cost paid by an end customer to have a shipping company transport raw materials across seas on the Baltic Exchange, the global marketplace for brokering shipping contracts. BDI is quoted every working day at 13:00hrs London time. It factors Capesize, Panamax, Supramax and Handysize of oceangoing dry bulk transport vessels.
BDI is an accurate indicator of economic activity. The Baltic dry index shows the involvement and willingness of a company or a country in shipping the raw materials. As the BDI increases, so effectively does the cost of raw materials. When the index values increases, the shipowners win and the consumer lose. When the index value decreases, consumer in the global chain wins and the shipowners lose. The BDI takes into account 23 shipping routes measured on a timecharter basis.
This website gives you with the baltic dry bulk shipping index values on month and year basis.BDI index chart per month lists you with the shipping value for all the dates on that month. BDI index chart per year lists you with the shipping value for all the months on that year.