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The Baltic Exchange's main sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, has lost about 98 percent of its value from a peak of 11,793 points in May 2008, marking the lowest level since records began in 1985.
>At the height of the market, dry bulk vessels could command daily fees of about $185,000 but that has dropped to about $4,000 to $6,000 a day now.
>With operating costs for dry bulk ships at about $5,500 to $7,500 per day, depending on the size of the vessel, the global commodities meltdown has made it hard for many operators to cover costs.
Well it seems that the shipping market has hit the bottom so it's a good time to invest. Is anyone familiar with this? I mean how do I invest in this index?
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This story caught my attention when it was coming out a month ago.
Very bad things are going to occur.
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>>1103401
How on earth can fees be below cost? Are they subsidized somehow?
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>>1105006
That means they're bleeding money and will be bankrupt soon.
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>>1103401
Why has it gone down so much?
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>>1105017
Global trade is decreasing thanks to the Chinese economy going to shit
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>>1105070
never mind
>zero hedge
Kill yourself OP
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bump for interest
Thread posts: 8
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Thread images: 1