What is BDI shipping?
What is BDI shipping?
The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange. It measures changes in the cost of transporting various raw materials, such as coal and steel.
Why does BDI drop?
MarketsFarm – Ocean freight rates have dropped significantly over the past month, with declining demand out of China behind much of the weakness. The Baltic Dry Index (BDI), which is a major indicator of shipping rates, settled at 3,187 points on Nov.
What is the current BDI?
| Actual | Previous | Frequency |
|---|---|---|
| 3127.00 | 3253.00 | Daily |
What is Panamax 5TC?
There has been a reluctance to transfer liquidity to the updated panamax time charter equivalent index, which covers the average of five key routes on larger-size vessels more indicative of the current fleet. This index, known as the Panamax 5TC, was introduced on January 1, 2020.
How is BDI calculated?
To calculate: “Divide the percent of brand A’s total U.S. sales in market X by the percent of the total U.S. population in market X, then multiply the result by 100 to get the index number.”
Why does BDI index increase?
Higher economic activities lead to greater demand for commodities, consequently leading to higher commodity prices and higher BDI rates. Similarly, a decline in economic activities reduces demand for commodities as well as demand for freight transport as shipbrokers compete for the lesser tonnage of the consignment.
Why is BDI so high?
The situation changed following the Covid-19 pandemic in 2020. While the initial effect of the pandemic was a decline in shipping rates because of a drop in demand, by the second half of 2021, the BDI surged. This was the outcome of declining shipping capacity, pushing shipping rates higher.
What is CDI vs BDI?
BDI and CDI are indices comparing the relative strength of a market to overall sales. The Brand Development Index (BDI) is an index compared to overall brand sales. The Category Development Index (CDI) is an index compared to overall category sales. Like any index, a score of 100 is average.
What does a high BDI mean?
1. High BDI and High CDI- In this case the category as well as brand both are said to be doing well. For example, if we consider Soaps category under that Lux or Dove both will have a high BDI. This indicates that the company should build more on the brand and should be in extension mode.