• THE PULSE OF BULK SHIPPING
Replacing Opinion
With Physics.
$200 billion in annual freight and $25 billion in derivatives are priced on broker opinions. BulkVIX replaces subjective assessments with satellite-measured market equilibrium — the first physics-based benchmark infrastructure for dry bulk shipping.
WHY BULKVIX EXISTS
The World’s Most Important Freight Market Is Still Measured With 1950s Methods
For over half a century, freight benchmarks have been based on broker opinions about hypothetical transactions — not actual market data. When no fixture occurs on a route, the assessment is still produced. An estimate of a price that may never have been transacted becomes the reference for real derivatives.
THE OLD WAY
Panel-based assessments. Predefined routes that no longer reflect real trade flows. No predictive power. No emissions visibility. The proxy became the standard — and the entire industry operates as if the underlying data limitation still exists.
THE BULKVIX WAY
Satellite-measured equilibrium. Every dry bulk vessel on the ocean broadcasts its position, speed, heading, and operational state in real time. BulkVIX converts that physical truth into measurable supply, measurable demand, and structural volatility.
THE DIFFERENCE IN ONE SENTENCE
BulkVIX measures the phenomenon itself instead of measuring a proxy for the phenomenon. It’s the difference between measuring temperature directly with a thermometer versus inferring temperature from how people are dressed.
THE MARKET PROBLEM
Six Structural Gaps in Today’s Freight Benchmarks
The dry bulk industry handles over 5 billion tons of cargo annually. These are the gaps that cost market participants billions.
Static Routes
Predefined benchmark routes ignore emerging trade lanes, geopolitical shifts, and real-time supply-demand imbalances.
Zero Predictive Power
Existing indices reflect what already happened. No forward-looking guidance — participants react rather than anticipate.
No Vessel Behavior Data
No supply-demand benchmark grounded in actual fleet activity — utilization, routing patterns, and congestion go unmeasured.
Emissions Blind Spot
No granular CO₂ or CII ratings by vessel class and route segment. ESG compliance and eco-efficiency remain unaddressed.
Opaque & Subjective
Indices based on panel opinions — not real transactions. Introduces bias, limits auditability, and creates exposure to manipulation.
High Basis Risk in FFAs
Freight Forward Agreements suffer misaligned hedging because tools don’t reflect vessel heterogeneity or market micro-structure.
FOUR PROPRIETARY INDICES
A New Measurement Architecture for Freight Equilibrium
Built on a validated global route graph, behavioral vessel-state classification, and forward supply modeling. Not an overlay on existing benchmarks — a new measurement layer.
THE PLATFORM
The Bloomberg Terminal for Dry Bulk Freight
Three integrated layers that transform satellite signals into actionable market intelligence and prescriptive decisions.
• Physical Truth Engine
2.5B AIS messages monthly classified into vessel states with 93.6% accuracy across the global dry bulk fleet.
• Market State Indices
FUI, RPI, B-VIX, and EEI — tradable indices computed from physical equilibrium, not price assessments.
• Agentic AI Layer
Prescriptive intelligence: positioning signals, scenario analysis, carbon-adjusted profitability, and volatility regime alerts.
