Baltic Dry Index....COLLAPSING

Baltic Dry Index (BDI) -4% 753

it's because of new ships and Chinese new year. Yeah, right!

Baltic Dry Plunges 42% More Than Seasonal Norm To Start The Year:
[link to www.zerohedge.com]

Another 3.6% + drop, down to 726. What was that all time low again? At this rate, might see it next week.


[link to www.dryships.com]

January 27:
Baltic Dry Index (BDI) -27 726

2008 low (666) will probably be taken out next week. OMFG!


IMAGE ( [link to www.zerohedge.com] )

Beware...

It's Chinese New Year...

we need to just listen to the idiots that posted at the beginning of this thread.

nothing new here...means nothing.

except now..it is evident that trade is tanking. ...

economies of the world are now entering the 'GREATEST DEPRESSION"


the only reason that the u.s. isn't in chaos is because things are different since the last great depression...


THE GOVT IS GIVING AWAY TRILLIONS IN SUBSIDIES, FOOD STAMPS, HOUSING, 3YRS OF UNEMPLOYMENT BENEFITS, GOVT PROGRAMS, PROPPING UP THE MARKETS WITH CASH, ...ALL ON BORROWED FAKE MONEY!!!!!


this bubble is about to burst. even soros says we are going to martial law!.

the german chancellor said greece default is unavoidable!

italy is way beyond bailout...

the cat is tearing up the bag...and it's about to burst

do some research or STFU, thanks.
1) Yes, it is Chinese New Year and the index is always having a dip around this time of the year.
But this time it has plunged 50% lower than average and is still on a very steep decline. The bubble has popped in China.
Read this [link to www.chinalawblog.com] for example.

2) Yes, there is overcapacity of ships but it only grows at 1-2% per month. No way does this explain a 50% in just one month.

The end game has started, buckle up.

The Baltic Dry Index - A Harbinger of Bad Things To Come:
[link to www.oyetimes.com]

that is nan 'intelligent' person here. I herald your brain power and clarity of thought, moron.

let's do multiple posts per day then. ;-)

China’s very mysterious data:
[link to blogs.telegraph.co.uk]

zerohedge
Baltic Dry drops to 702, down 3.3%, all time low approaching

há 25 minutos [link to twitter.com]

Specially for Anonymous Coward 2327656, the daily update... ;-)

Baltic Dry Index (BDI) -24 702
I don't remember the last up day...

So two more days of 20+ drops to get to the low?

When would shippers start declaring bankrupcy

Only 43 more to go. Will break it Wednesday or Thursday at the rate we are going.

Actually I thought that once it dropped below 900 shippers would park their ships because they were in the red, so we are already there.

ship fleet is 1/2 the size of 2007 so this drop is bigger


666 was the low


and yet MSM is crowing recovery here in US

I don't know if this chart will work or not, but here it is:

[link to stockcharts.com]

woe!!!

IT'S STILL GOING DOOOOOOOOOOWWWWWWWWWNNNNNNNNNNN!!!!!!!!

HOLY SHITE!

still not one blip of change...

how about it now 'pay no attention' tards?

you said that it wouldn't matter till it dropped past 900...

it's in the low 700's and still falling! ...hahahahaha

Baltic Dry Index (BDI) -22 @ 680

Tomorrow new low? Carnage ahead!

WOO HOO -680

KNOCK, KNOCK WHO IS IT, DOOOOOOOM

OK, well it's 702.00 now fag.

He's probably sleeping himself. When he wakes up the BDI will be at like 500. He'll jump off the cliff in horror.

It will be interesting to see if and when it stops. Inventories are bloated right now, there is a glut of cargo ship, there is nothing really to slow its fall right now.

The only thing slowing its fall is that its dropping 3-4% daily and since it's down so far 3-4% of the remainder is less and less.

However -3% of 680 should break the low tomorrow.

The BDI has no value anymore since most world shipping is done on non Baltic ships.

People no longer seem to understand. The simple fact is that Europe is not a major shipping zone. China and Brazil and other regions of the world are major shipping areas.

Oh, ok, as long as I don't know what the BDI is.


oh wait.

First line on wikipedia.

Baltic Dry Index
From Wikipedia, the free encyclopedia

The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes.

Welp.

Along with this, there was a thread yesterday (which I can't find) that showed a Chinese ports full of cargo ships just docked empty, either because there was no cargo, or the shipping lines shut them down because they would lose money carrying cargo.

Also, I find it almost humerous that with a large spike in BDI, economists will claim that is a sign of economic improvement, but when it plummets, it means nothing. So while BDI may not a be the perfect overall indicator, it is A valuable indicator.