The Baltic Exchange is based in London and provides a range of indices benchmarking the cost of moving bulk commodities, dry and wet, along popular routes around the seas. Some of these indices are also used to settle Freight Futures, known as FFA's. The most famous of the Baltic indices is the Baltic Dry Indices, commonly called the BDI. This is a derived function of the Baltic Capesize index (BCI), Baltic Panamax index (BPI), Baltic Supramax index (BSI) and the Baltic Handysize index (BHSI). The BDI has been used as a bellwether for the global economy as it can be interpreted as an indicator of an increase or decrease in the amount of raw commodities countries are importing/exporting.
Dry
Dry bulk is any cargo carried in bulk in solid form. Such carriage is often referred to as the "dry" trades.[3] They would include:
Bliault, Charles; Jonas, Martin; The North of England P&I Association (2016). Bulk Cargoes: A Guide to Good Practice (First ed.). UK: The North of England P&I Association. p. 280. ISBN978-0-9574936-3-6. ASIN0957493630.
^Glossary of Shipping Terms(PDF) (Report). U.S. Department of Transportation. 2008. p. 22. Archived from the original(PDF) on 2022-02-13. Retrieved 2022-09-15.