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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: semi_infinite who wrote (98093)	5/29/2009 5:24:51 PM
From: see clearly now	Respond to of 116555

Actually it bottomed at around 600 as I remember and now is moving up about 4%+/- a day passing 3000..its high (again from memory) two years ago was 12000+

To: semi_infinite who wrote (98093)	5/30/2009 4:42:00 AM
From: John Metcalf	1 Recommendation Read Replies (1) \| Respond to of 116555

Baltic Dry Index hit a low at 666 on 12-5-08. Today's level of 3494 is almost five times as high. However: a large number of chartered ships are not moving. For example, the Korea Times reports that 735 ships are anchored off Singapore, waiting to off-load cargoes, or obtain new ones. Mish has provided links to pictures of stranded ships and over-capacity car lots. koreatimes.com Could it be that there is no pickup in shipping, but only a price increase for floating storage?