BDI

BDI Drop No Big Deal? Careful with Shippers

In the MarketVision Newsletter #1 I mentioned the Baltic Dry Index, and that it may be a concern as the rate was the lowest in nearly two years.

Calculated Risk pooh poohs that idea. The fall is explained by more ships being built, and the current fall may be because of the floods in Queensland being empty as there’s too much flooding to be able to put ore on board.

That might be true. The index rose from a bottom in 2009 to fairly large values in 2010 (on a percentage basis, it went up more than 100%) and then has had a squiggly move.

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