The Baltic Dry Index, a measure of shipping rates for bulk goods, has foundered.
In February the Baltic Dry Index (which measures these things) hit an alltime high.
Global trade appears to be slowing, according to the little-known barometer known as the Baltic Dry Index ( BALDRY).
The Baltic Dry Index, a composite of commodity shipping costs around the world, fell for a 32nd consecutive session to 662.
The Baltic Dry Index, an index which measures the price of moving major raw materials by sea, is now over 1100.
The Baltic Dry Index, which measures shipping rates for commodities, has jumped 40% for the year so far, 22% in May alone.
As a result, investors have watched the Baltic Dry Index plummet from just over 4, 000 in May to just below 2, 000 on Friday.
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The Baltic Dry Index, the most widely followed measure of shipping costs, collapsed in January and, after a brief rally, is now on a down trend again.
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Another indicator of strengthening China and Asian markets is the Baltic Dry Index, up over 1, 000 in less than 48 hours, and rising from 663 four weeks ago.
Over the past month, drybulk shippers have watched the Baltic Dry Index fall from just under 1700 to just about 1100, as ship supply still far outweighs global demand.
The Baltic Dry Index, which measures shipping prices around the world, remained flat for most of the quarter, but surged toward the end of August, registering a 9% gain through Q3.
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They delighted in learning about everything from the Baltic Dry Index (the daily number given to the price of moving raw materials by sea) to the stock of Crocs, which several of them also wore.
Chinese prices of steel have risen by 20% since November, and the Baltic Dry Index, a measure of shipping rates and hence the demand for commodities, has more than doubled, although it is still 84% below its 2008 peak.
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After seeing the Baltic Dry Index drop steadily since the end of October 2010, a survey by Bloomberg showed that with approximately 200 capesizes, or cargo ships spanning more than 1, 000 feet, coming out of the shipyards this year, a surplus in vessels will lead to a glut that will produce additional pain to shipping companies.
When restless New York City hedge fund manager Robert Fairchild watches the Baltic Dry Cargo Index plunge 97%, registering an all-time high and a 25-year low within the span of just six months, he decides to buy a ship.
The Baltic Freight Index, which tracks dry-bulk freight rates, was at its lowest in nearly a decade in August.
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