Thursday, April 14, 2011 10:58:27 PM
"The Baltic Dry Index, the main measure of commodity shipping costs, has tumbled 56 percent in the past year as the global fleet expands. Rates for capesize, the largest type of vessel tracked by the gauge, plunged 65 percent this year, while handysizes declined about 3 percent."
AND:
"Handysizes have virtually decoupled from the Baltic Dry Index, which is deemed inadequate to fully represent all the vessel types,” said Lee.
WE ARENT LOOKING FOR HANDYSIZE SHIPS WE ARE LOOKING FOR CAPESIZE OR JUST BELOW CAPESIZE SHIPS.
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