A measure of international trade often seen as...
Iron ore, coal, crude oil haven’t had the best time of it in recent years. A rapid expansion in supply, accompanied by a faster-than-expected slowdown in demand, has wrought havoc on these and other commodity prices. While they are high profile casualties of the slowdown in global growth, there is […]
The Baltic Dry Index, which measures the price...
The CEO of the biggest shipping company on...
Up 62.9% in just four months.
Up 6.5% in one day.
The Baltic Dry is not looking so great.
If you hear anyone pointing out that the Baltic Dry Index (BDI) is at a three-year high, ignore them. As an economic indicator, the BDI — the daily survey of spot shipping rates — is highly problematic, as it doesn’t tell us anything about the broader global economy, other than […]
Shipping stocks are having a big day. Frontline is up 13.5%. Nordic American Tankers Limited has climbed 6.4%. DryShips Inc. is 5.7% higher. The reason: the Baltic Dry index climbed more than 9% Thursday. “Despite abysmal earnings levels for dry bulks, asset values have improved — leading us to take […]
Capsizes are up. That's a good thing.
From the latest Morgan Stanley Agribusiness & Food Report.
The Baltic Dry Index — that infamous measure of shipping prices — rose again today, and it’s basically gone up every single day for 1 month.
[credit provider=”flickr / www.guigo.eu” url=”http://www.flickr.com/photos/paldies/3107385743/”] We’ve been following recent plunges in the Baltic Dry Index—a measure or commodity shipping costs—because it’s near its lowest value since August 1986.Today Bloomberg reports that vessel operators have actually begun to transport goods for free and even cover some of clients’ fuel costs on […]
Even mortgage indexes bounced in the crisis. Today, the Baltic Dry Index fell for the 30th session in a row.
[credit provider=”Wikipedia” url=”http://en.wikipedia.org/wiki/File:Sabrina_I_cropped.jpg”] Lately, we’ve been talking a lot about the Baltic Dry Index (BDI) and how it is a relatively weak proxy for the health of the global economy. Among other things, the BDI has a tendency to swing violently due to supply and demand dynamics within the shipping […]