Monday, January 26, 2009
I've mentioned the Baltic Dry and Capesize Indices before, most recently here. These indices are published by the London-Based Baltic Exchange, and are designed to provide "an assessment of the price of moving the major raw materials by sea." The Capesize index is up about 150% from its low in early December. It covers only 10% of the world dry shipping fleet, but 62% of Dry Bulk Traffic. The global economy is showing increasing signs of life.
Posted by Scott Grannis at 5:29 PM