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What is the Baltic Dry Index?

Baltic Dry Index What reveals the worlds freight moving across the oceans. Tons of what going where?

From Wikipedia, the free encyclopedia The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes. The index provides “an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulkcarriers carrying a range of commodities including coal, iron ore and grain.”[1]

http://en.wikipedia.org/wiki/Baltic_Dry_Index

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