Baltic Panamax Index
The BPI and its five-route P5TC basket, the BPI82 benchmark vessel, the P7 and P8 grain voyage routes, BEP Asia, and the derived Panamax 74 subtraction series.
The Baltic Panamax Index contributes 30 percent of the Baltic Dry Index. Its timecharter average P5TC covers five routes weighted P1A at 0.25, P2A at 0.10, P3A at 0.25, P4 at 0.10 and P6 at 0.30, on the 82,500 tonne deadweight BPI82 benchmark vessel, with the headline index applying a multiplier of 0.111111. The heaviest single weight sits on P6, a Singapore delivery trip of 90 to 105 days via the Atlantic.
The full article will carry each route definition, the BPI82 vessel description, the P7 Mississippi and P8 Santos grain voyage routes with their 13 m arrival draft condition, the Singapore-published BEP Asia route, and the derived Panamax 74 series with its published subtraction constants. See the Baltic Dry Index and freight indices .