2016-02-20

Shipping Industry Has a Warning for the World Economy (video)



Perfect Storm? The Shipping Industry Has a Warning for the World Economy - Published Feb 11, 2016 -  If the Baltic Dry Index is any guide for the global economy, the picture is looking stormy. It's plunged to historic lows since the start of the year. Bloomberg looks at why, and what it could tell us about future growth.

Baltic Dry Index - (Wikipedia): "The Baltic Dry Index (BDI) is an economic indicator issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."

The Baltic Exchangebalticexchange.com


Video above: Baltic Exchange 2015 - An overview of the Baltic Exchange, the world's only independent source of maritime market information. Interview with the chief executive Jeremy Penn and members of the Exchange. Published on Jun 29, 2015
BDIY Quote - Baltic Dry Index - Bloomberg Markets

Tweets about Baltic Dry Index





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