BuyOnDips
07-12-2009, 03:43 PM
"Port statistics are revealing. They were a leading indicator before the production collapse in the Japan, Europe, and the US over the winter, and they may be telling us something again.
Amrita Sen at Barclays Capital says the number of Baltic Dry ships waiting to berth — mostly in China and Australia — has begun to fall after peaking at 154 in mid-June.
The Capesize Iron Ore Port Congestion Index (a new one for me, I must confess) is replicating the pattern seen a year ago just before the commodity boom tipped over."
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100000188/shipping-flashes-early-warning-signals-again/
/100000188/shipping-flashes-early-warning-signals-again/
Baltic index hits fresh 6-week low, demand soft
http://www.reuters.com/article/marketsNews/idUSL965254520090709
Amrita Sen at Barclays Capital says the number of Baltic Dry ships waiting to berth — mostly in China and Australia — has begun to fall after peaking at 154 in mid-June.
The Capesize Iron Ore Port Congestion Index (a new one for me, I must confess) is replicating the pattern seen a year ago just before the commodity boom tipped over."
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100000188/shipping-flashes-early-warning-signals-again/
/100000188/shipping-flashes-early-warning-signals-again/
Baltic index hits fresh 6-week low, demand soft
http://www.reuters.com/article/marketsNews/idUSL965254520090709