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To: Logain Ablar who wrote (47492)2/10/2012 4:32:20 AM
From: Johnny Canuck  Respond to of 70397
 
Tim,

I agree with you on the shippers. I was just following up on the discussion we had on whether the Baltic Dry Shipping Rates was an accurate indicator of worldwide product demand.

BALT is one of the few shippers that does not have any long term contracts. Their rates are the exact rates on the spot market. They should be an early indicator of any turn in the economic conditions provided we adjust for the over capacity in the industry right now.