Baltic Indices up for week ending 2/20/09

By Tim | Published: February 21, 2009

The several indices from the Baltic Exchange that track the different classes of dry bulk shipping rates were positive for the week in spite of a sharp drop on Monday. Here are the indexes, their closing prices and percentage change for the week:

  • Baltic Dry Index (BDI): 2,099; +10.0%
  • Baltic Capesize Index (BCI): 3,768; +13.0%
  • Baltic Panamax Index (BPI): 1,439; +2.9%
  • Baltic Supramax Index (BSI): 1,300; +9.2%
  • Baltic Handysize Index (BHI): 532; +12.0%

The Baltic Exchange indices tracking the dry bulk shipping bottomed from December 2008 to mid January and have at least doubled since then. Continued strength in these indices bodes well for the dry bulk companies.

More on this topic (What's this?)
Bit of technical positive divergence may help equities indices bounce near-term (UnBiasedTrading (TM), 2/6/10)
When Old Stand-Bys Fail (The Enlightened American, 3/4/10)
ProShares Rolls Out 300% Plays On Major Indexes (Index Universe, 2/11/10)
Read more on Index, Dry Bulk Shipping at Wikinvest
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