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| Economy |
| Baltic Dry Index climbs to 388, up 4 |
| 2016-03-12 |
| The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities continued to rise on Friday helped by higher rates for panamaxes and smaller vessels. The overall index that factors in the rates for capesize, panamax, supramax and handysize shipping vessels, was up four points, or about one percent, to 388 points. The panamax index rose 11 points, or, 2.36 percent to 477 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, climbed $88 to $3,827. ... |
| Posted by:badanov |
| #4 Is this change significant, or within normal variation around the current mean? Baby steps. The BDI went down to a record low 288 just four weeks ago and appears to be recovering. It peaked at 11,700 just before Obama took office. No one knows what a normal recovery is when this kind of economic activity shells out, but I guess we will soon see. |
| Posted by: badanov 2016-03-12 18:26 |
| #3 rail traffic amso up a tick and many more trucks; at least here on the west coast |
| Posted by: Clomomble Ebboluger3716 2016-03-12 17:42 |
| #2 @#1: Baltic Dry Index BDIY:IND Up a "skootch," but not by much. |
| Posted by: Blossom Unains5562 2016-03-12 17:13 |
| #1 Is this change significant, or within normal variation around the current mean? |
| Posted by: trailing wife 2016-03-12 14:41 |