The index, published daily by the London-based Baltic Exchange, is based on the freight cost of vessels carrying capesize, handysize, panamax and supramax dry cargo.
The index is related to global trade due to the raw material transported by ships, and when the index is high, it can be said that there is a vitality in world trade. In January 2021, this index - which is generally downward in previous years during this period of the year - broke a record approaching 1850 points. This figure shows that the world trade improved during this period. According to experts, this rise is due to some reasons; Increasing confidence in the markets after the loss of American President Trump's seat, increasing the tendency of companies to stock up with the increase in raw material prices, invention of vaccine, increasing capacity investments in the industry, increased production in the manufacturing industry. The Baltic Dry Index (BDI) figure can be a beacon of hope for world trade, especially for the near future.
