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Title: The World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever (Baltic Dry Index)
Source: [None]
URL Source: http://www.zerohedge.com/news/2015- ... -crashed-its-lowest-level-ever
Published: Feb 9, 2015
Author: Zero Hedge
Post Date: 2015-02-09 10:10:17 by Jethro Tull
Keywords: None
Views: 96
Comments: 2

The World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever

Tyler Durden's picture





 

Having fallen for 47 of the last 51 days, The Baltic Dry Index (tracking the cost of shipping dry bulk from iron ore to grains) has been collapsing in a well-documented manner by Zero Hedge (though not the mainstream media). With Cramer having told investors of its importance previously, it will be hard to ignore the fact that, as of this morning, the index of global shipping costs has never (ever) been lower at 554. We leave it to readers to decide what they think this means (but we already know what it means for shippers and ship-building companies).

 

Recovery? "Crisis has passed?" You decide...

 

On the back of the total collapse in Chinese imports and exports, is this any surprise?

Of course, stocks know best...

 

Charts: Bloomberg

4.5625
Your rating: None Average: 4.6 (16 votes)

 

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#1. To: Jethro Tull (#0)

uh oh....

Truth is still truth even if no one believes it. A lie is still a lie even if everyone believes it.

christine  posted on  2015-02-09   17:30:23 ET  Reply   Trace   Private Reply  


#2. To: Jethro Tull (#0)

Don't see that many COSCO or other boxcar containers from China on railway tracks any more.

Tatarewicz  posted on  2015-02-10   0:50:11 ET  Reply   Trace   Private Reply  


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