Baltic Dry Index drops Handysize vessels

Prominent bulk index Baltic Dry will no longer include numbers from Handysize vessels. The index reflects global trade patterns in dry bulk, explains the CEO of the Baltic Exchange.

Small dry bulk vessels will no longer be included in the weighting of the Baltic Dry Index (BDI).

From March, London's Baltic Exchange will change its dry bulk index so that going forward it will consist of a weighting of average time charter rates from three segments.

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