Baltic Dry Index

billym

Well-Known Member
https://en.m.wikipedia.org/wiki/Baltic_Dry_Index

Part of the info found in link
On 20 May 2008, the index reached its record high level since its introduction in 1985, reaching 11,793 points. Half a year later, on 5 December 2008, the index had dropped by 94%, to 663 points, the lowest since 1986;[13] though by 4 February 2009 it had recovered a little lost ground, back to 1,316.[14] These low rates moved dangerously close to the combined operating costs of vessels, fuel, and crews.[15][16]

Notice it says those low rates moved dangerously close to the combined operating costs

Here's the current chart at 317 the lowest east it's ever been, there's a lot of info on this and everyone is wondering how low it will go.

http://www.bloomberg.com/quote/BDIY:IND

Another link saying

http://shipandbunker.com/news/world...n-first-week-of-2016-to-new-record-low-of-429

Last week Ship & Bunker reported that the Shanghai International Shipping Institute (SISI) predicts a surge in bankruptcies within China's dry bulk shipping industry due to the current downturn
 

athenasius

Well-Known Member
dh & I saw some news on this while we were on our cruise, and the San Pedro shipyards seemed a bit emptier, not jam full but quieter while we were there early to mid Jan. Ensenada too. And normally on sea days we see a lot of shipping, which dh enjoys spotting, but this trip almost nothing. Ship traffic is a very good indicator of healthy economic activity.
 

Carl

Well-Known Member
No Kem IMO we will not see less on the shelves. The lie that we have a thriving economy must be continued. What will happen is that inventory time will increase.

The Baltic Dry Index would be a good thing to watch as it indicates how much goods shipment is being done. So it is also a measure of the consumer index in that if there is no demand then there is no shipping. No shipping and production falls. Production falling indicates that more people are out of work. I think we might be close to a depression no matter what is being said about the economy of the world.
 
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