Shipping Markets hanging in the balance after the BDI’s 553 collapse

Breaking News, Dry Bulkcarriers, Fixtures, Markets, Shipping Indices, Statistics, Stock Markets, Trade and Commerce — By on February 11, 2015 at 9:16 PM
London - The Baltic Exchange

London – The Baltic Exchange

No matter if the few from the hoi polloi feel they might …escape the total collapse and introduce a common chartering entity , the historical low of the BDI could work to the benefit of all. The reality is simple: the BDI is down to 553 points!  How many will sustain the collapse and how many will benefit from same it remains to be seen. A great market otherwise to become a white night!

For the record only the indices closed  earlier on as follows: BDI 553 -3, BCI 700 flat minus 11, BPI plus 23 and then the… avalance continues  with the BSI down 8 at 508, the BHSI at 281 -8… The wets too on a dropping…mood with the BDTI down 14 points at 886 and the BCTI down 9 points at 599.

Some people feel the rain, others just get wet! We have long ago warned you…

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