Anyone seen the Baltic Dry Index recently? Dow from a May high of 4,187 to a current value of 1,251. Lowest was 684 when the Paulson proposed to Nancy on one knee. Look at it over 5 years and it kind of suggests it leads the stock market indices by about 4 months.
The BDI is heavily weighted relative to large Cape vessels (the ones that are too large for the Panama canal). China is now buying a lot of its iron ore from India which cannot handle the big Capesize vessels.
Its worth checking the other indexes (BPI, BSI and BHI) for the smaller vessels to get a better overall picture of what is going on.
Stevo
Hi Axel, Got anymore info on what BPI, BSI and BHI are and where to view them?