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sludgehound

08/27/08 1:44 PM

#168818 RE: mcmike #168814

thx Mike thought link was story

Thought the link was just what the story was in post.
Both Bloomberg TV & CNBC been covering SEA since launch
by Claymore (solar ETF TAN example). SEA will be bit
like a tracker of Baltic dry shipping and other types of
sea shipping. Could be a good global health indicator.
Described SEA as broader range of shipping than Baltic is.
Amazed me a bit when he said 70% of things are shipped over
water. As fuel rose tho more US companies consider it cheaper
to build heavy high ticket items near or in US. Watching to see
any impact as Northern Passage is opening up to shipping above
Canada. Fast and cheap route.
Thanks for the heads up.