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BDI below 400!

By: capt_nemo in POPE IV | Recommend this post (1)
Fri, 15 Jan 16 6:45 AM | 90 view(s)
Boardmark this board | POPES NEW and Improved Real Board

Msg. 02493 of 47202
Jump:

http://www.bloomberg.com/quote/BDIY:IND

New low on Baltic Dry Index could bring Indian Ocean trade to a halt

A fresh low of 402 levels on the Baltic Dry Index (BDI) today (Jan12) may bring trade across the Indian Ocean-Asia Pacific market virtually to a standstill on the back of postponement of trade contracts and strong aversion to get into long-term deals

â€œThe trade climate is extremely gloomy and full of insecurity as charterers are not sure if the price at which they have negotiated is the right low priceâ€. â€œThere have been very few inquiries and even out of those most were not firm. Out of five inquiries, three have failed,â€ said a ship-owner on condition of anonymity.

http://www.hellenicshippingnews.com/new-low-on-baltic-dry-index-could-bring-indian-ocean-trade-to-a-halt/

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