12JAN2018 - NEWS - BDI down to a level of 1303.00

Baltic Exchange issues BDI value on daily basis. On 11 Jan 2018, the Baltic Dry Index (BDI) was down 63 points (-4.83%) to a level of 1303.00 as compared to the level (1366.00) on 10 Jan 2018.

Basically Baltic indices tracks the costing of moving materials via sea. The 3 major indices includes  - Baltic Dry Index (BDI) which tracks the freight rates of bulk commodities and provides the assessment of the price of moving raw materials like coal/iron by sea, Baltic Tanker Dirty Index (BDIY) which tracks rates for crude oil and the Baltic Tanker Clean Index (BCIY) for tracking of petroleum products.