Dry

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%) 

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: Sum(C8_14*0.25, C9_14*0.125, C10_14*0.25, C14*0.25, C16*0.125)  

Baltic Capesize Index (BCI): Sum(C8_14*0.030145, C9_14*0.0150725, C10_14*0.030145, C14*0.030145, C16*0.0150725) Baltic Capesize 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

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

5TC Weighted Timecharter Average: Sum(P1A_82*0.25, P2A_82*0.1, P3A_82*0.25, P4_82*0.10, P6_82*0.30) 

Baltic Panamax Index (BPI): Sum(P1A_82*0.027777775, P2A_82*0.01111111, P3A_82*0.027777775, P4_82*0.01111111, P6_82*0.03333333)  

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

S1B - Canakkale trip via Med or Bl Sea to China-South Korea
S1C - US Gulf trip to China-south Japan
S2 - North China one Australian or Pacific round voyage
S3 - North China trip to West Africa
S4A - US Gulf trip to Skaw-Passero
S4B - Skaw-Passero trip to US Gulf
S5 - West Africa trip via east coast South America to north China
S8 - South China trip via Indonesia to east coast India
S9 - West Africa trip via east coast South America to Skaw-Passero
S10 - South China trip via Indonesia to south China

S15 – Indian Ocean trip via South Africa to Far East

11TC Weighted Timecharter Average: Sum(S1B*0.05, S1C*0.05, S2*0.15, S3*0.15, S4A*0.075, S4B*0.10, S5*0.05, S8*0.10, S9*0.075, S10*0.10, S15*0.10)

Baltic Supramax Index (BS I63): RoundedSum(S1B_63*0.05, S1C_63*0.05, S2_63*0.15, S3_63*0.15, S4A_63*0.075, S4B_63*0.10, S5_63*0.05, S8_63*0.1, S9_63*0.075, S10_63*0.10, S15_63*0.10)*0.079112625)

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

63,500mt DWT on 13.418m SSW – TPC 61.4
Max 15 Years, Built Japan
LOA 199.98 M / Beam 32.24 M
GRAIN: 80,500cbm BALE: 76,200cbm
Cranes 4 x 30 MT with 4 x 12 CBM Grabs
5 HO/HA
14 knots on 29 mt laden, 25mt ballast. Marine Fuel Oil, no Marine Gas Oil at sea
13 knots on 24 mt laden, 21mt ballast. Marine Fuel Oil, no Marine Gas Oil at sea
12 knots on 20 mt laden, 17mt ballast. Marine Fuel Oil, no Marine Gas Oil at sea
11 knots on 16.5 mt laden, 14mt ballast. Marine Fuel Oil, no Marine Gas Oil at sea

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:  Sum(HS1_38*0.125, HS2_38*0.125, HS3_38*0.125, HS4_38*0.125, HS5_38*0.20, HS6_38*0.20, HS7_38*0.10) 

Baltic Handysize Index (BHSI): Sum(HS1_38*0.006944444, HS2_38*0.006944444, HS3_38*0.006944444, HS4_38*0.006944444, HS5_38*0.011111111, HS6_38*0.011111111, HS7_38*0.005555556) 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

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)

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 

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.