List of low-cost shipping funds and shipping indices.
There are five types of ships transporting goods around the world:
The BDI covers the second type of ship, bulkers.
|EXM||Excel Maritime Carriers|
|EGLE||Eagle Bulk Shipping|
|NM||Navios Maritime Holdings|
|SBLK||Star Bulk Carriers Corp.|
|NMM||Navios Maritime Partners|
|ONAV||Omega Navigation Enterprises|
SEA - Claymore/Delta Global Shipping Index. Emulates the Delta Global Shipping index. 0.65% expense ratio (temporary cap).
A shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea. The Baltic Exchange directly contacts shipping brokers to assess price levels for a given route, product to transport and time to delivery (speed).
The Baltic Dry Index is considered a leading indicator of the economy.
The Index is designed to measure the performance of companies listed on global developed market exchanges within the maritime shipping industry. Companies that generate in excess of 80% of their revenues (significant) from the operating and/or leasing of seaborne ships which transport dry bulk, tanker, container, specialty chemical or LNG goods.
Baltic Dry Index - in-depth look at the Baltic Dry Index.