Baltic Dry Index

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Definition: Baltic Dry Index

Baltic Dry Index
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Full Definition of Baltic Dry Index

BDI. Index established by the London-based Baltic Exchange for tracking dry bulk shipping and trading costs. This is comprised of three sub-indices which are subdivided by the different categories of bulk ships (Capesize, Supramax or Panamax). The BDI was established in order to calculate costs in transporting raw materials. It can be volatile due to the high costs of transporting and its high susceptibility to global demand but low susceptibility to speculation. For this reason, investors look to the BDI as one possible gauge of future economic growth. also called Dry Bulk Index.

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April 23, 2024 https://payrollheaven.com/define/baltic-dry-index/.
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Baltic Dry Index. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/baltic-dry-index/

Definition Sources

Definitions for Baltic Dry Index are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th November, 2021 | 0 Views.