Shipping stocks trade with gains on the bourses today as the Baltic Dry Index, a measure of shipping costs for commodities has jumped 4.26% to 2911 in London on Wednesday, 3 March 2010.....
After falling to a low in August, the Baltic Dry Index (BDI) has spiked again to an all time high of 2009. Unlike stock and commodities markets, the Baltic Dry Index is totally devoid of speculative p....
The bulls argue that the jump in shipping rates, as shown in the Baltic Dry Index, indicates rising commodity demand and thus the revival of the world economy. But I think we have to look at China to ....