Baltic Dry Shipping Index

Monday, January 14, 2008 | 11:00 AM

Ouch!

>
Bdirecent

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 

Sources:
DryShips Daily Market Report
http://www.dryships.com/index.cfm?get=report

Baltic Exchange Dry Index (BDI) & Freight Rates   
InvestmentTools.com   
http://investmenttools.com/futures/bdi_baltic_dry_index.htm

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

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00e54feff91c8834

Listed below are links to weblogs that reference Baltic Dry Shipping Index:

Comments

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....

Ciao
MS

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

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner