In the latest analysis of Baltic Exchange Investor Indices data, Urs Dür, Principal at Zuoz Industrial LLC, notes that despite a number of positive aspects to the supply side of dry bulk shipping that should be very supportive of freight rates, macroeconomic, geopolitical and regional impacts have kept rates at poor levels for much of 2023. While it is hoped that market conditions will improve and with it improved dry bulk freight rates, sometimes the waiting is the hardest part. Click here to download a full copy of the dry bulk report.

This quarter also sees the launch of the first tanker-focused Baltic Investor Indices analysis. In his report, Urs Dür notes that with a several macro-economic factors in play around the world, petroleum products and crude oil remain fundamental to the world economy. To that end, tankers will continue to play a critical role in the global economy but for now, tanker bulls are simply grazing in the pasture at the moment. Click here to download a full copy of the tanker report.

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The Baltic Exchange publishes a set of investor indices for the major dry bulk and tanker sectors, which includes the Baltic Residual Risk Index, a ratio of the residual value of the vessel against its recycling value, and the Baltic Residual Value Index, which calculates the value by taking the written down cost of a five year old vessel by fixing the earnings on the basis of a five year timecharter and adding back the operating costs.

The Baltic Exchange Investor Indices (BII) are an easy to use online analytical dashboard displaying data relevant to vessel investment decisions, residual value, health of earnings, spot and five-year timecharter earnings, purchase & recycling values, and running costs.

They offer a high level of clarity and transparency for investors in all bulker and tanker vessel types. Gas carrier assets will also be added to the service at a later date.

Subscribers to the Baltic Exchange Investor Indices are offered a health of earnings index, which compares spot income with daily running costs; a residual value index that provides an implied write-down value of the vessel over five years; and an implied residual risk assessment that gives the recycling steel value of the vessel as a ratio of its residual value.

You can take a week's free trial and access all of the Baltic Exchange’s daily freight market information including all published wet, dry, gas, container and airfreight indices, fixture lists, market reports, forward curves and asset values via our website and mobile App.