Independent information for the dry bulk market

Our daily spot market and forward assessments, market and fixture reports, weekly S&P and recycling and quarterly OPEX data provide the dry bulk market with a comprehensive, independent reference point.

Baltic Dry Routes

Click here to explore an interactive map of all our routes.

  • $ per day timecharter & $ per tonne voyage assessments
  • Capesize, Panamax, Supramax and Handysize
  • Historical data since 1985
  • Published throughout the global working day
Baltic Dry Index 1985 - 2020

Baltic Dry Index

The Baltic Dry Index (BDI) is a composite of the dry bulk timecharter averages and provides a continuous time series since 1985.

  • Baltic Capesize Index (40%)
  • Baltic Panamax Index (30%) 
  • Baltic Supramax Index (30%) 

Capesize Index

C2 - Tubarao to Rotterdam
C3 - Tubarao to Qingdao
C5 - West Australia to Qingdao
C7 - Bolivar to Rotterdam
C8_14 - Gibraltar/Hamburg transatlantic round voyage
C9_14 - Continent/Mediterranean trip China-Japan
C10_14 - China-Japan transpacific round voyage
C14 - China-Brazil round voyage
C16 - Revised backhaul
C17 - Saldanha Bay to Qingdao

5TC Weighted Timecharter Average

Baltic Capesize 2014 vessel for Timecharter routes is a non scrubber fitted vessel based on the following description:

180,000mt dwt on 18.2m SSW draft
Max age 10 yrs
LOA 290m, beam 45m, TPC 121
198,000cbm grain
14 knots laden / 15 knots ballast on 62mt fuel oil (380cst), no diesel at sea
12 knots laden / 13 knots ballast on 43mt fuel oil (380cst), no diesel at sea

Panamax Index

P1A_82 - Panamax Skaw-Gib transatlantic round voyage
P2A_82 - Panamax Skaw-Gib trip to Taiwan-Japan
P3A_82 - Panamax Japan-S Korea Transpacific round voyage          
P4_82 - Panamax Japan-S Korea trip to Skaw Passero      
P5_82 - Panamax South China, Indonesian round voyage (BEP Asia)          
P6_82 - Panamax Singapore round voyage via Atlantic    
P7 - Panamax USG to Qingdao grain  66,000 MT          
P8 - Panamax Santos to Qingdao grain 66,000 MT     
P1A_03 - Panamax 74 Skaw-Gib transatlantic round voyage 74,000 MT      
P2A_03 - Panamax 74 Skaw-Gib trip to Taiwan-Japan 74,000 MT   
P3A_03 - Panamax 74 Japan-S Korea Transpacific round voyage 74,000 MT

Baltic Panamax vessel for Timecharter routes is a non-scrubber fitted vessel based on the following description:

82,500mt dwt on 14.43m SSW draft
Max age 12 yrs
LOA 229m, beam 32.25m, TPC 70.5
97,000 cbm grain
13.5 knots laden on 33mt fuel oil (380cs t) / 14 knots ballast on 31mt fuel oil (380cs t) + 0.1 MGO at sea
11.5 knots laden on 22mt fuel oil (380cs t) / 12.5 knots ballast on 23mt fuel oil (380cs t) + 0.1 MGO at sea

Supramax Index

S1B_58 - Canakkale trip via Med or Bl Sea to China-South Korea
S1C_58 - US Gulf trip to China-south Japan
S2_58 - North China one Australian or Pacific round voyage
S3_58 - North China trip to West Africa
S4A_58 - US Gulf trip to Skaw-Passero
S4B_58 - Skaw-Passero trip to US Gulf
S5_58 - West Africa trip via east coast South America to north China
S8_58 - South China trip via Indonesia to east coast India
S9_58 - West Africa trip via east coast South America to Skaw-Passero
S10_58 - South China trip via Indonesia to south China

10TC Weighted Timecharter Average

Baltic Supramax vesssel for Timecharter routes is based on a non-scrubber fitted standard “Tess58 ” type vessel of the following description:

58,328mt dwt on 12.80 m ssw
Max age 15 yrs
LOA 189.99m, beam 32.26m, TPC 57.5
72,360 cbm grain / 70,557 cbm bale
5 holds/hatches
4 x 30t Cr + 12 cbm grabs
14 knots laden on 33mt fuel oil (380cst) / 14 knots ballast on 32mt fuel oil (380cst), no diesel at sea
12 knots laden on 24mt fuel oil (380cst) / 12.5 knots ballast on 23mt fuel oil (380cst), no diesel at sea

Handysize Index

HS1_38 - Skaw-Passero trip to Rio de Janeiro-Recalada
HS2_38 - Skaw-Passero trip to Boston-Galveston
HS3_38 - Rio de Janeiro-Recalada trip to Skaw-Passero
HS4_38 - US Gulf trip via US Gulf or north coast South America to Skaw-Passero
HS5_38 - South East Asia trip to Singapore-Japan
HS6_38 - North China-South Korea-Japan trip to North China-South Korea-Japan
HS7_38 - North China-South Korea-Japan trip to south east Asia

7TC Weighted Time Charter Average

Baltic Handysize 38 vessel for Timecharter routes is a non-scrubber fitted vessel based on the following description:

Singledeck self trimming geared bulk carrier
38,200mt dwt on 10.538m SSW
Max Age 15 Years
LOA 180m / Beam 29.8m / TPC 49
47,125 cbm grain / 45,300 cbm bale
5 holds / 5 hatches
4 x 30 ton cranes
Speed & consumptions including main engine & auxibrary engines:
14 knots on 26mt IFO (380 CST) laden/24mt IFO (380 CST) ballast + 0.1 MDO at sea
12 knots on 18mt IFO (380 CST) laden/17mt IFO (380 CST) ballast + 0.1 MDO at sea

Sale & Purchase

Weekly assessments for a five-year old vessel type for:

  • Capesize (180,000 dwt)
  • Panamax (82,500 dwt)
  • Superhandy (Tess 58 type)
  • Handysize (38,200 dwt)

Recycling

Weekly assessments of in US $/Lightweight for dry bulk carriers.

Delivery in Bangladesh, India & Pakistan.

  • Large bulk carrier 20,000+ LDT
  • Medium bulk carrier 9,001 - 20,000 LDT
  • Small bulk carrier 5,000 - 9000 LDT 

OPEX

A quarterly index tracking the daily vessel operating costs for Capesize, Panamax, Supramax and Handysize vessels.

The Baltic Operating Costs Index – Dry (DOPEX) is calculated using crewing, technical and insurance costs. Published quarterly, the assessment is based on assessments by leading third party ship managers.

A five-year old dry dock cost, amortised over five years, is published separately.

DOPEX

Track vessel operational costs with our quarterly assessments

Watch our video

Fixtures and market reports

The Baltic Exchange's team of freight market reporters in London and Singapore produces a daily fixture list and daily news round-up for the dry bulk market.

Our comprehensive fixture list can be readily integrated with users’ systems and provides historical data and contains around 90,000 fixtures.