Storm Ahead? Baltic Dry (Shipping) Index Founders In Rough Trade Sea

The Baltic Dry Index seems to be signalling declining shipping costs … or foundering trade between the US and China.

balticdr.png

The Baltic Dry Index is a composite of the Capesize, Panamax and Supramax Timecharter Averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.

Yes, the BDI is measuring some distress for China Imports YoY in USD.

chinatradeyoy

No, that isn’t the SS Minnow foundering.

TPP-Founders

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