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The Baltic Handymax Index (BHMI), is calculated from the weighted, average rates on major timecharter routes, with two trial voyage routes, as assessed by a panel of brokers. The Baltic Panamax Index (BPI), is calculated from the weighted, average rates on major routes, both voyage and timecharter, as assessed by a panel of brokers. The Baltic Capesize Index (BCI), is calculated from the weighted, average rates on major routes, both voyage and timecharter, as assessed by a panel of brokers. The Baltic Dry Index (BDI), is the average of the Baltic Handymax Index (BHMI), the Baltic Panamax Index (BPI) and the Baltic Capesize Index (BCI). The BDI provides a good general indicator of movement in the dry bulk market, and continues the established time series of the Baltic Freight Index (BFI) which was introduced in 1985. As the index is derived from polling the market and not traded, there is no speculative factor influencing the movement of the index. This index is a concurrent indicator of the growth or decline in global cargo trades.
The Baltic Dry Index (BDI) as at 2009 June 30
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