02-12-2009, 03:20 AM
Going through the roof is a relative term.. When the BDI falls 95% in three months and then the BDI pulls a 100% gain, it looks a lot better than it actually is. Its till at a small fraction of what it was before.
The BDI is actually a composite of 3 different index for various sized ships. One size is doing very well (the biggest, the baltic capesize index), up to 40,000 a day from about 10,000. (In november it was at 200,000 a day) The other ones not so much. I dont think dry has many ships of this size, so a lot of the improvement is smoke and mirrors.
As I said, ill post relevant articles I find in the various shipping periodicals I get if you want to keep an eye on it.
The BDI is actually a composite of 3 different index for various sized ships. One size is doing very well (the biggest, the baltic capesize index), up to 40,000 a day from about 10,000. (In november it was at 200,000 a day) The other ones not so much. I dont think dry has many ships of this size, so a lot of the improvement is smoke and mirrors.
As I said, ill post relevant articles I find in the various shipping periodicals I get if you want to keep an eye on it.