Baltic Dry Index

*JDR* · Dec 2, 2008, 10:24pm

Anyone know of an instrument or ETF to buy/sell the baltic dry index?

Thanks

A Dashing Blade · Dec 3, 2008, 9:07am

Doesn't look like there's anything exchange traded according to Bloomberg + the Baltic Excghange's web site gives this when attempting to look at prices . . .
"A summary of the Baltic Dry Index (BDI), Baltic Capesize Index (BCI), Baltic Panamax Index (BPI), Baltic Supramax Index (BSI), Baltic Handysize Index (BHSI) and Baltic International Tanker Routes (BITR). Access to this data is by subscription only." ie no-one could accuse it of being a transparent index!

So I'm guessing it's effectively untradable.

*JDR* · Dec 3, 2008, 9:36am

hmmm... oh well....

Thanks Blade.

wonder if there is a worldwide shipping companies etf ?

would have to be of a very large sample of shipping companies so that it removes some of the specific company risks...

Jack o'Clubs · Dec 3, 2008, 10:08am

DB is right - there's no tradeable Baltic product, but there is a US ETF for shipping: ticker SEA, details here: http://www.claymore.com/docs/sea-ig-8-25-08.pdf

anley · Dec 3, 2008, 10:20am

There used to be BFI futures some years back, don't know if these are still around.

Jack o'Clubs · Dec 3, 2008, 10:23am

Quote:

Originally Posted by anley

There used to be BFI futures some years back, don't know if these are still around.

IIRC they stopped a few years ago due to lack of liquidity.

*JDR* · Dec 3, 2008, 12:59pm

thanks people...

Dec 2, 2008, 10:24pm	#1
JDR 182 Posts Joined Sep 2006	Baltic Dry Index Anyone know of an instrument or ETF to buy/sell the baltic dry index? Thanks __________________ I don't want to be right. I just want to win.

Dec 3, 2008, 9:36am	#3
JDR 182 Posts Joined Sep 2006	hmmm... oh well.... Thanks Blade. wonder if there is a worldwide shipping companies etf ? would have to be of a very large sample of shipping companies so that it removes some of the specific company risks... __________________ I don't want to be right. I just want to win.

Dec 3, 2008, 12:59pm	#7
JDR 182 Posts Joined Sep 2006	thanks people... __________________ I don't want to be right. I just want to win.

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Dec 3, 2008, 9:07am	#2
A Dashing Blade 1,345 Posts Joined Jul 2004	Doesn't look like there's anything exchange traded according to Bloomberg + the Baltic Excghange's web site gives this when attempting to look at prices . . . "A summary of the Baltic Dry Index (BDI), Baltic Capesize Index (BCI), Baltic Panamax Index (BPI), Baltic Supramax Index (BSI), Baltic Handysize Index (BHSI) and Baltic International Tanker Routes (BITR). Access to this data is by subscription only." ie no-one could accuse it of being a transparent index! So I'm guessing it's effectively untradable.

Dec 3, 2008, 10:08am	#4
Jack o'Clubs 1,336 Posts Joined Sep 2005	DB is right - there's no tradeable Baltic product, but there is a US ETF for shipping: ticker SEA, details here: http://www.claymore.com/docs/sea-ig-8-25-08.pdf

Dec 3, 2008, 10:20am	#5
anley 2,742 Posts Joined Dec 2003	There used to be BFI futures some years back, don't know if these are still around.

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