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Posted by:
3xBuBa
Date:
Saturday, August 02, 2008 12:11:32 PM
In reply to:
boca_bobby
who wrote
msg# 8244
Post #
of
113501
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Baltic Shipping rate is dropping
Freight charge will be reduced further if oil price keep dropping
also BullMarket.com wrote: "Some of the price action is related to the ebbs and flows of the Baltic Dry Index, which measures prices charged for shipping commodities. Shipping prices weakened in Q1 in large measure because the big mining companies in Brazil were negotiating iron ore prices with their Asian customers, so shipments declined. But spot prices roared back in the current quarter due to strong demand for iron and coal, two topics we have touched on in the recent past."
http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm
My posting is for my own entertainment,
do your own DD before pushing your buy/call button
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My posting is for my own entertainment,