Description of industry indices


International Dry Bulk Carrier Index:
1.BDI (Baltic Dry Index): The Baltic Dry Index (BDI) is a composite index comprising the rates of several traditional dry bulk shipping routes by their respective importance and weighting in the shipping market. Effective March 1, 2018, the BDI route weightings were adjusted to 40% for capesize and 30% each for Panamax and ultra handysize. Handysize time charter averages will no longer be covered. The coefficient in the formula will be changed to 0.1.
BCI (Baltic Capesize Index): Baltic Capesize Freight Index, the index reflects the change of charter rate in the market of Cape of Good Hope bulk carriers with more than 100,000 DWT. Cape of Good Hope vessels refer to large dry bulk carriers that can pass the Cape of Good Hope or the Cape of South America in the worst weather during the long-distance ocean voyage; the main cargoes transported are iron ore, coal, and other industrial raw materials. On May 6, 2014, its standard ship types and typical routes were adjusted.

2.BPI (Baltic Panamax Index): Baltic Panamax Freight Index, the index reflects the change of market rent of 60,000-80,000 DWT Panamax bulk carriers, Panamax carriers refer to dry bulk carriers that can pass through Panama Canal and have a draught of 13 meters; the main cargoes transported are coal, grain, and other bulk materials.
BSI (Baltic Supramax Index): The Baltic Supramax Index reflects the change in market rent of 58,300 DWT class handysize vessels. Main cargoes: grain, phosphate fertilizer, potassium carbonate, wood chips, cement.
BHSI (Baltic Handysize Index): Baltic Handysize Freight Index, the index reflects the change of market rent of 38,000 DWT class small handysize vessels, the main transported cargoes: grain, steel, phosphate fertilizer, potassium carbonate, wood chips, cement.
Containerized Freight Index (CFI):

3.CCFI: China Export Container Freight Index (CCFI) was first released on April 13, 1998, under the auspices of the Ministry of Transportation and Communications (MOTC) and compiled and published by the Shanghai Shipping Exchange (SSE). CCFI is compiled and published in the following ways: Firstly, January 1, 1998, is taken as the base period, and the base period index is 1000 points. Secondly, according to the three basic principles of typicality, regional distribution, and relevance, 14 routes were selected as sample routes, namely Hong Kong, Korea, Japan, Southeast Asia, Australia & New Zealand, Mediterranean Sea, Europe, East & West Africa, West & East America, South Africa, South America, Bohol, and Taiwan routes, and the domestic ports of departure included Dalian, Tianjin, Qingdao, Shanghai, Nanjing, Ningbo, Xiamen, Fuzhou, Shenzhen, Guangzhou, and other ten major ports. Ten major ports. Thirdly, 18 Chinese and foreign shipping companies, including COSCO Shipping Container Lines, with outstanding reputations and large market share in the shipping routes, have formed a tariff index compilation committee voluntarily to provide tariff information.
4.SCFI: Shanghai Export Container Freight Index (SCFI), a new version of SCFI reformed and launched by Shanghai Shipping Exchange (SSE), was formally released to the public on October 16, 2009, replacing the SCFI released on December 7, 2005. The new version of SCFI is an index reflecting the changes in Shanghai export container spot transport market rates, including 15 sub-route market rates (indexes) and a composite index. The routes cover the major trade flows and export regions of Shanghai’s export container transportation, which are Europe, the Mediterranean Sea, the U.S. West, the U.S. East, the Persian Gulf, Australia and New Zealand, West Africa, South Africa, South America, Japan Kansai, Japan Kanto, Southeast Asia, South Korea, Taiwan, and Hong Kong routes, respectively.WCI: World Containerized Freight Index is published weekly by the maritime research and consulting organization Drewry and the Cleartrade Exchange. The WCI is published weekly by Drewry, a maritime research and consulting organization, and Cleartrade Exchange in Singapore, covering 11 east-west trunk routes: Shanghai-Rotterdam, Rotterdam-Shanghai, Shanghai-Genoa, Genoa-Shanghai, Shanghai-Los Angeles, Los Angeles-Shanghai, Shanghai-New York, Los Angeles-Rotterdam, Rotterdam-Los Angeles, New York-Rotterdam, Rotterdam-New York. The weights of the routes are allocated based on 2010 annual volumes. Tariff data is from freight forwarders/NVOCCs in Europe, North America, and Asia.
Crude oil futures:
5.WTI: West Texas Intermediate Crude Oil, West Texas Light Intermediate Crude Oil, is the more common type of crude oil in North America. Due to the global military and economic power of the United States, WTI crude oil has become the benchmark for global crude oil pricing. To unify the domestic crude oil pricing system, the U.S. uses the WTI crude oil contract listed on the NYMEX (New York Mercantile Exchange) as the pricing benchmark. Brent: Brent Oil, Brent Crude Oil. Brent Oil is a light, low-sulfur crude oil produced in the Brent and Ninian fields of the North Sea, and is widely traded in the futures, over-the-counter (OTC) swaps, forwards, and spot markets. More than 65% of the world’s physical crude oil is now priced under the Brent system. The price of Brent crude oil is used for futures trading on the London Intercontinental Exchange and the New York Mercantile Exchange and is the benchmark for oil prices in the market.

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