What does Baltic indices mean?

Baltic indices meaning in Law Dictionary

report of oceanic freight which is used to evaluate future rates. The dried out, wet, and volume information is useful for this calculation.

Baltic indices meaning in Business Dictionary

Summaries of ocean freight information for dry (including coal, grains, iron-ore) and wet (eg crude oil and petroleum) volume cargo and the evaluation into the future trend of freight prices, collected and published because of the London's Baltic trade. The most important indices are (1) The Baltic Dry Index (BDI) composed of Baltic Capesize Index, Baltic Panamax Index, and Baltic Handymax Index, and (2) The Baltic Global Tanker Routes (reporting on 14 intercontinental oil paths) composed of Baltic Dirty Tanker Index (BDTI) and Baltic wash Tanker Index.