Baltic Capesize Index

The Baltic Capesize Index (BCI) is the Baltic Exchange sub-index for Capesize dry-bulk tonnage, the around-180,000 dwt class that carries iron ore and coal on long-haul routes and cannot transit the Panama or Suez canals laden. The BCI is built from timecharter and voyage route assessments reported daily by a panel of shipbroking panelists, with a 5TC timecharter average expressed in dollars per day. It carries the heaviest weight in the Baltic Dry Index at 40 percent since 1 March 2018. Capesize FFAs settle against the BCI 5TC. The index is the most volatile of the dry sub-indices because Capesize demand tracks steel-feedstock flows.