Neubarth
At the Ballpark July 30th
Not as key an index as it was a year ago, but it still shows the truth about the economy.
BDIY: BALTIC DRY INDEX Summary - Bloomberg
BDIY: BALTIC DRY INDEX Summary - Bloomberg
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Seriously 0.4% drop listed when I could see a 37.5% drop from recent highs certainly left me confused. being a 10% drop away from a new low I think more OP explanation is definitely needed for those who are more graphically or numerically oriented. That link needed some exposition.Not as key an index as it was a year ago, but it still shows the truth about the economy.
BDIY: BALTIC DRY INDEX Summary - Bloomberg
Seriously 0.4% drop listed when I could see a 37.5% drop from recent highs certainly left me confused. being a 10% drop away from a new low I think more OP explanation is definitely needed for those who are more graphically or numerically oriented. That link needed some exposition.Not as key an index as it was a year ago, but it still shows the truth about the economy.
BDIY: BALTIC DRY INDEX Summary - Bloomberg
Did the ghost fleet off the Singapore make the rounds on this board? I know a huge amount of tonnage contracts existed before the slow down and ships that were on order prior to the meltdown are selling cheap and will be selling cheap for the rest of the year.
Singapore does, indeed, have the biggest concentration in one place. There are an estimated 900 to 1000 ships outside African ports, anchored with maintenance crews of three or four men assigned to each boat. There are an estimated 400 to 500 outside South American ports with over two hundred in the Montevideo - Buenos Aires area.From what I understand the Singapore ghost fleet is the big one. There are no doubt others near the two big southern capes but maintenance costs due to weather make them less desirable with the straits of Magellan being a big step down from Cape Hope. But as the economy slows down other anchorages will pop up.
Well, actually we prefer to refer to them as ANTIGODIANS. The anti-God-ians are opposed to anything that God says is good for man. Most of all they are anti-GOD.What does this have to do with Jesus destroying non-believers?
Yep. It did last fall. Pretty eerie.Did the ghost fleet off the Singapore make the rounds on this board? I know a huge amount of tonnage contracts existed before the slow down and ships that were on order prior to the meltdown are selling cheap and will be selling cheap for the rest of the year.
The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry bulk cargoes.
The index provides "an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."[1]
FYI for those of us (like myself) who might be unfamiliar with this index:
The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry bulk cargoes.
The index provides "an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."[1]
Don't know doodle squat about shipping, but the 5 year seems to be trending in the same range as 2006-2007.
By eyeballing it, it appears to me that the range of standard deviations from norm is much higher than the 2006-07 era, however.
Nue, since you are obviously somebody who knows much more about this index than I, I'd appreciate your thoughts on how 2008 through 2010 differ from previous periods.
Is shipping, for example, typically subject to such wide fluxuations?
If anything (based merely on the 5 year chart) it appears that shipping has returned from a brief period that was unusually high, rather than this period indicating a dramatic shift from the norm.
But like I say, I have no historical perspective to really understand what this chart is indicating.
I'm hoping you do.
What does this have to do with Jesus destroying non-believers?