What Is the Baltic Exchange?

Baltic Exchange. Founded in 1744, it is the oldest shipping market in the world. Most of the world's open market bulk charterers are negotiated by some members of the Baltic Exchange, and many of the world's trades are also traded through brokers on the exchange. The dry goods index it publishes daily is the basis of the shipping freight futures market and is used to avoid fluctuations in freight rates. It also involves aviation leasing, futures trading, and ship buying and selling activities.

Baltic Exchange

Baltic Exchange. Founded in 1744, it is the oldest in the world

The Shipping Exchange is the only worldwide shipping exchange in the world. In 1823, the Baltic Club was established. In 1900, the Baltic Club merged with the London Shipping Exchange to become the Baltic

Launch date since 1985

Baltic Exchange Pair

Starting from July 1, 2009, BDI uses a new algorithm, as follows:

The proposed BDI has an equal weighting of the timecharter averages of the BCI, BPI,
BSI and BHSI and is a continuation of the present timeseries.

For the creation of BDI we now use the following formula:

((CapesizeTCavg + PanamaxTCavg + SupramaxTCavg + HandysizeTCavg) / 4) *
0.113473601
Where TCavg = Time charter average.