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 World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever

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World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever Vide
PostSubject: World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever   World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever Icon_minitimeTue Feb 10, 2015 8:08 pm

Having fallen for 47 of the last 51 days, The Baltic Dry Index (tracking the cost of shipping dry bulk from iron ore to grains) has been collapsing in a well-documented manner by Zero Hedge (though not the mainstream media). With Cramer having told investors of its importance previously, it will be hard to ignore the fact that, as of this morning, the index of global shipping costs has never (ever) been lower at 554. We leave it to readers to decide what they think this means (but we already know what it means for shippers and ship-building companies).

Recovery? "Crisis has passed?" You decide...

World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever 20150209_bdiy_0

On the back of the total collapse in Chinese imports and exports, is this any surprise?
Of course, stocks know best...

World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever 20150209_bdiy1_0

http://www.zerohedge.com/news/2015-02-09/worlds-best-known-global-shipping-index-has-crashed-its-lowest-level-ever
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World's Best Known Global Shipping Index has Crashed To Its Lowest Level Ever

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