The Baltic Dry Index (BDI) is an economic indicator issued daily by the London based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis the index covers Handysize, Supramax, Panamax and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.
Every working day a panel of international shipbrokers submit their view of current freight cost on various routes to the Baltic Exchange. The routes are meant to be representative i.e. large enough in volume to matter for the overall market.