Just what does a cratering Baltic Dry Index mean? Frankly, it looks and acts as though it is signaling the next recession is here already rather than signaling that it ... Read Full Story »
As Japan recovers from the devastating earthquake and its aftermath, the country will depend heavily on importing raw materials into the country and exporting finished goods. There are a number ... Read Full Story »
The Baltic Dry Index, which tracks global shipping rates, has fallen for 24 consecutive days, its longest losing streak since August 2005. The BDI closed at 2,406 yesterday, its lowest ... Read Full Story »
It is no secret that shipping stocks have been horrible performers of late. In fact, they have made the dismal performance seen at some trucking companies look like trucking was ... Read Full Story »