International Shipping is still down. It fell tremendously last year and then rallied a bit and is falling back down now. Everybody wants to believe that the Deperssion is going away. Shipping tells another story. It is shipping that you look to to see what is happening in the world. China had their own Trillion Dollar stimulus package,and were importing Iron Oar and Coal to fuel their industries. Well, they stockpiled the materials and are not ordering now. Their factories are just not busy enough (Ironically in a still "controlled" society and economy) to use the coal and iron to make steel for future projects. Reality has set in in Communist China. Few people are buying steel other than their own government. Baltic Dry Index Has Worst Week Since October as Demand Slows Aug. (Bloomberg) -- The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for shipments of coal and iron ore slowed. The index tracking transportation costs on international trade routes today slid 135 points, or 4.6 percent, to 2,772 points, according to the Baltic Exchange. That took its weekly drop to 17 percent, the most since the end of October. The Chinese have backed off and its starting to show in the number of shipments this month, Gavin Durrell, a Cape Town-based official at Island View Shipping SA, Africas biggest commodities shipping line, said by phone today. Iron ore and coal seem to be slowing down.