Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Jim Wyckoff

The Baltic Dry Freight Index Is Near a 2-Year Low. Why It’s a Bearish Omen for Commodities.

Donald Trump Lunar New Year Panamax

The Baltic Exchange’s dry bulk sea freight index (BADI), which tracks shipping rates for vessels carrying by sea dry bulk commodities, has been slumping, and its price hit a nearly two-year low last week. Commodity market analysts monitor the BADI index because it provides guidance on global supply and demand trends in the overall raw commodity sector. 

Specifically, the BADI index measures changes in the cost of transporting various commodities such as grains, coal (LUG25) and steel (HVH25). It accounts for 23 different shipping routes around the globe. Members of the Baltic Exchange, which is based in London, directly contact shipping brokers to assess price levels for shipping paths, a product to transport and time for delivery. The overall index factors in rates for Capesize, Panamax and Supramax shipping vessel sizes.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Drew Barrymore: I don't know how to retire
Drew Barrymore has revealed she doesn't have strict retirement plans
BANG Premier
BANG Premier
What’s the Oldest Thing in Your House You Still Use Every Day?
The oldest thing in your house might not sit behind glass or carry a sentimental story. It could be the skillet you grab for eggs, the wooden spoon that has survived three kitchen remodels, or the desk lamp that somehow refuses to die.
Clever Dude
Clever Dude
7 Foods From Your ’80s Childhood That Aren’t Made the Same Way Anymore
If you grew up in the 1980s, you probably remember the bright orange macaroni and cheese, the sweet taste of your favorite soda, and snacks that seemed to make every afternoon better. Some of those familiar products are still available, but the versions on store shelves today may not be…
Grocery Coupon Guide
Grocery Coupon Guide
Brooklyn couple uncover 1901 coal log tied to family history while restoring an 1880s house
James and Laureta Gale found a 1901 coal delivery schedule during their renovation of a historic lodging house. Their discovery connects to James's family history with coal delivery in Brooklyn. The couple is transforming the 1880s building into an 11-room guesthouse with modern amenities. They are also preserving original features…
The Times of India
The Times of India
A couple told a North Carolina woman they were only feeding the turtles, then she turned her camera to the pond
The woman kept on throwing food into the water.
We Got This Covered
We Got This Covered
A Michigan woman says she found worms in fudge from the Applebutter Fest, adding ‘I’m totally grossed out’
An unwanted visitor has made itself a home.
We Got This Covered
We Got This Covered
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play