StockTwits
07-14-2010, 12:50 PM
Shipping rates slump: Baltic dries up | The Economist (http://abnormalreturns.com/links/167886/visit) (www.economist.com)
by deepfoo 4 minutes ago
FOR most of the past two decades the main measure of shipping costs has been used as a guide to what is happening to world trade. So the fact that the Baltic Dry Index—which measures the rates charged for chartering the giant ships that carry coal, iron ore and grain—has fallen by almost 60% in its longest streak of consecutive declines for nine years (34 days running as of July 14th) has won attention.
see story at Abnormal Returns site...(RSS feed) (http://abnormalreturns.com/links/index?date=07/14/2010#167886)
by deepfoo 4 minutes ago
FOR most of the past two decades the main measure of shipping costs has been used as a guide to what is happening to world trade. So the fact that the Baltic Dry Index—which measures the rates charged for chartering the giant ships that carry coal, iron ore and grain—has fallen by almost 60% in its longest streak of consecutive declines for nine years (34 days running as of July 14th) has won attention.
see story at Abnormal Returns site...(RSS feed) (http://abnormalreturns.com/links/index?date=07/14/2010#167886)