Comments on: Baltic Dry Index http://www.irisheconomy.ie/index.php/2010/06/22/baltic-dry-index/ Wed, 23 May 2012 10:34:43 +0000 http://wordpress.org/?v=2.6.3 By: Peter Kenny http://www.irisheconomy.ie/index.php/2010/06/22/baltic-dry-index/#comment-57267 Peter Kenny Wed, 23 Jun 2010 13:59:52 +0000 http://www.irisheconomy.ie/?p=6966#comment-57267 Isn't the Harpex Index a more reliable indicator? http://www.istockanalyst.com/article/viewarticle/articleid/3990867 Isn’t the Harpex Index a more reliable indicator?

http://www.istockanalyst.com/article/viewarticle/articleid/3990867

]]> By: Michael Hennigan - Finfacts http://www.irisheconomy.ie/index.php/2010/06/22/baltic-dry-index/#comment-57164 Michael Hennigan - Finfacts Tue, 22 Jun 2010 14:37:51 +0000 http://www.irisheconomy.ie/?p=6966#comment-57164 The BDI had a 17-day straight loss, totalling 38% to Monday. Caution is required in interpreting this as reflecting a big drop in trade. Shipping broker ICAP said in January that around 1,400 dry-bulk-carrier deliveries would be made in 2010 - - a big increase on 2009 The BDI is sensitive to Chinese iron ore and steel shipments and the index which tracks dry bulk shipping rates on 40 global maritime routes more than doubled in five weeks in early 2009 - - during a slump in trade when Singapore had a huge number of ships anchored. The Chinese are very sensitive to the pricing of iron ore and there is a cat and mouse game with producers. So demand isn't consistent. There was also a period in 2008 when market speculation sent future rates surging only to crash later in the year. The BDI had a 17-day straight loss, totalling 38% to Monday.

Caution is required in interpreting this as reflecting a big drop in trade.

Shipping broker ICAP said in January that around 1,400 dry-bulk-carrier deliveries would be made in 2010 - - a big increase on 2009

The BDI is sensitive to Chinese iron ore and steel shipments and the index which tracks dry bulk shipping rates on 40 global maritime routes more than doubled in five weeks in early 2009 - - during a slump in trade when Singapore had a huge number of ships anchored.

The Chinese are very sensitive to the pricing of iron ore and there is a cat and mouse game with producers. So demand isn’t consistent.

There was also a period in 2008 when market speculation sent future rates surging only to crash later in the year.

]]> By: Pat Donnelly http://www.irisheconomy.ie/index.php/2010/06/22/baltic-dry-index/#comment-57126 Pat Donnelly Tue, 22 Jun 2010 09:49:30 +0000 http://www.irisheconomy.ie/?p=6966#comment-57126 Those who have hope, in the short term, are deluded. The stimulus must be removed, so E 10,000,000,000 of taxes, PLEASE! Then we will get a clear idea of the economy. Until then, no one will risk anything, as we all know it can only get worse! No wonder trade is falling! No one can possibly hope to borrow into such a storm. Those who have hope, in the short term, are deluded.

The stimulus must be removed, so E 10,000,000,000 of taxes, PLEASE!

Then we will get a clear idea of the economy. Until then, no one will risk anything, as we all know it can only get worse!

No wonder trade is falling! No one can possibly hope to borrow into such a storm.

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