Baltic Dry Shipping Index

Monday, January 14, 2008 | 11:00 AM



chart courtesy of Investment Tools


The Baltic Dry Shipping Index (BDI) is the key gauge of shipping rates for the world's busiest 24 key shipping routes.

Last Thursday, the BDI fell the most it since 1989 plummeting 384 points (4.6%) to 7,949. (single day change). The BDI is now 28% lower than its  Nov. 13 2007 record peak of 11,039.

The potential of a U.S. recession is starting to spread to othr contraries, all chatter of "decoupling" and "containment" notwithstanding. If this is foreshadowing a broader global decline, we should expect  commodity prices to suffer as well.


See also: 
Sentiment Cycle Study Case: The Dry Bulk Shipping Industry 

DryShips Daily Market Report

Baltic Exchange Dry Index (BDI) & Freight Rates

Monday, January 14, 2008 | 11:00 AM | Permalink | Comments (39) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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damn...if you did'nt just read my mind.....I was just about to post BDI and it's fabulous indication of what's coming....


Posted by: michael schumacher | Jan 14, 2008 11:06:38 AM

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