Q. The “Baltic Dry Index (BDI)” is often seen in news is related to which of the following?
Explanation: The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange.
- It measures changes in the cost of transporting various raw materials, such as coal and steel.
- Members of the exchange directly contact shipping brokers to assess price levels for given shipping paths, a product to transport, and time to delivery or speed.
- The Baltic Dry Index is a composite of four sub-indices that measure different sizes of dry bulk carriers or merchant ships: Capesize, Panamax, Supramax, and Handysize.
Source: TMH Ramesh Singh