Index BDI Index is? This is one of the questions is the business of logistics, ship owners and those who operate in the import-export concern. Baltic Dry Index (BDI), also known as the Baltic Dry Index (BADI) is what, in fact, is an index that reflects the cost of shipping the goods leave not packed in containers on the sea route to the global. In addition, bhsi index is also part of this index, commonly used to evaluate shipping rates for the smaller size. Chart freight rates international from BDI to help investors, businesses predict price trends, and make decisions more accurate. Knowing this indicator not only help optimize the transport costs but also bring competitive advantage in the strategy of international trade. In the context of the global supply chain is under pressure from the economic fluctuations and local politics, the understanding and application of effective indicators of marine transport, such as the BDI will be the key element that helps businesses minimize risk and enhance performance.
Index BDI Index is what: overview and role in marine transportation
Index Baltic Dry Index (BDI) is what?
Index of BDI was developed by Baltic Exchange in London, aimed at tracking the average price to transport raw materials such as iron ore, coal, grain... on the maritime routes privacy. BDI is a composite index from the index as Capesize, Panamax and Supramax, reflecting the cost of rent cargo ship leaving on the world.
The data were collected from the carrier and freight broker will be standardized to take out the overall index reflects the health marketplace shipping.
The impact of the BDI to the global economy
BDI is a number only reflects the movement of the global economy. When BDI increase, this shows that the demand for transportation of goods increase, synonymous with the development, production and trade. Conversely, when the index fell, there can be warning signals the slowdown of the global economy.
Therefore, the BDI is considered early indicators (leading indicator) reliable on trends in the global economy. Many professional investors and financial institutions, international regularly monitor this indicator to take investment decisions and allocate resources appropriately. In the period of financial crisis or a pandemic, BDI often sharp decline, reflecting the decline of global demand.
Types of indicators in sea transport system
BHSI Index what is?
BHSI (Baltic Handysize Index) is an index measuring the rental price of small (Handysize) – usually can carry about 15,000 to 35,000 DWT. This type of ship typically used to transport goods to the port infrastructure limited. BHSI is the essential tool to help the small and medium businesses predict costs and coordinated transportation more efficient. Compared with other types of ships as big as Capesize or Panamax ships, general cargo Vessel has high flexibility, more and fit with many types of different shipping.
Comparison between BDI, BADI and the analysis of other indicators
While the BDI is a composite index, then the BADI (Baltic Average Dry Index) is often understood as the form of writing or other specific version than that of the BDI, focusing on the average price volume transport. In addition, the fecal indicators such as BCI (Capesize), BPI (Panamax), BSI (Supramax), and BHSI are served on the types of vessels and glands of different make up the overall picture of the cost of transportation of bulk cargo worldwide.
Each index reflects market segment, separate, therefore, the combination of these indicators will help the business to have a comprehensive view and a more accurate situation of the maritime transport market.
How to read and application chart freight rates international
Chart analysis, pricing, and application in practice
Chart freight rates international is the indispensable tool for specialists in logistics. By tracking the fluctuations of the BDI over time, businesses can plan shipping, product pricing, and options at the time of purchase suitable to the optimal cost. The trend analysis short-term and long-term chart rates help businesses predict peak season or market volatility, thereby making the policy, warehousing, contract of carriage, and even the marketing strategy accordingly.
How business Vietnam should take advantage only of sea transport
In the context of deeper integration, understanding and applying the BDI in import and export activities will help Vietnamese businesses have a strategy more clearly, to avoid the risk of price fluctuations chartering. Combining information from the BDI and the relevant indicators is the key to help increase efficiency logistics operations. Besides, the business should also cooperate with the unit provides logistics services professional to avail maximum benefits from this index.
Invest in systems, data analysis, transportation, personnel training learn about the indicators of macroeconomic development and long-term strategy is the necessary step in the digital age of today.
HNT Shipping – strategic partner reliable in the logistics industry
Why choose HNT Shipping?
With over 12 years of experience in the field of logistics, HNT Shipping confirms the pioneering position in the industry with the shipping service varied from the sea, road to the procedure of export and import, customs and import / export authorization.
Our team of dedicated staff, professional, and process optimization is the biggest difference of us. HNT Logistics not only is the unit transport performance, but also companion of the business in step by step construction supply chain, smart and effective.
Services comprehensive shipping from HNT
From logistics services, sea freight, road to the procedure for import and export customs service – HNT meet every demand logistics of the customer.
We always pay attention to every little detail to ensure the progress of the delivery and safety of goods.
In addition, the support customs declaration (not tax), and import-export commission to help businesses save time, cost and avoid the risk of legal proceedings. If you are looking for a reliable partner, please contact us through the 0949.393.300 (Mrs. Peach) or 0911.446.060 (Mrs. Examination) to be consulted in detail. HNT – your reliable companion for your business on every cruise global.
Conclusion: the BDI Index and importance with import export business
BDI Index is an important tool to help businesses control costs and predict market trends, sea transport. Understanding this indicator with variations such as BADI, BHSI will bring great advantages in logistics operations. Thanks to these indicators, the business can make decisions promptly, properly and minimize risk in a turbulent world. If you are looking for transportation solutions optimal and professional, don't hesitate to contact HNT Shipping – the reliable companion on every journey of global trade.
