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BREAKING NEWS TODAY Big drop in Chinese exports growth, fueling more problems to an already battered world economy. We are totally screwed if this worsens. Recovery sluggish at best, if there even is one. Article below… China’s export growth collapsed and imports and new yuan loans trailed estimates in July, adding to signs the global economy is weakening and raising the odds the government will step up measures to support expansion. Outbound shipments increased 1 percent from a [...] Joe Weisenthal, a contributor to Business Insider, reminds us today of our recent articles (linked below) in saying, “BDI rose again, and it’s basically gone up every single day for 1 month. People love to hype up when it’s going down, but then when it’s going up people stop caring.” He used the 1 month chart (orange) below to illustrate his point. We find this ironic as he himself mentions the [...] From Alt-Market.com: Much has been said about the Baltic Dry Index (BDI) over the course of the last four years, especially in light of the credit crisis and the effects it has had on the frequency of global shipping. Importing and exporting has never been quite the same since 2008, and this change is made most obvious through one of the few statistical measures left in the world that is not subject [...] by LFM Daily Market: This page contains the latest Dry Bulk Shipping News 02 February 2011 Baltic Dry Index (BDI)   -23 1084 BCI INDEX 1337 SPOT 4 TCE AVG YESTERDAY 10470 12307 YEAR AGO 25288 23094 Spot 4 TC Average = The Average Value of the Four Main Shipping Routes applicable for each of the 3 types of Ships by DD Baltic Dry Index (BDI)   -49 1137 BCI INDEX 1368 SPOT 4 TCE AVG YESTERDAY 11039 13307 YEAR AGO 27499 23741 Spot 4 TC Average = The Average Value of the Four Main Shipping Routes applicable for each of the 3 types of Ships Daily Chart For Cape/Panamax/Handy http://www.dryships.com/pages/report.asp The BDI is NOT a traded index,so no one profits from the [...] |
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