Tuesday, July 31, 2012

Baltic Dry Index Historical Data

Back in late 2007 and early 2008 when commodity markets were really humming, the Baltic Dry Index was a closely followed indicator of economic activity (especially in emerging markets).  It measures the daily cost of chartering a dry bulk ship to move commodities across the ocean.  In late 2008 it collapsed in the financial crisis and has never recovered as a glut of newly built dry bulk ships flooded the market.  It's interesting to see the the index is back to its lowest levels.



No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.