Without a strong global economic recovery, the maritime sector will find it tough to overcome the demand-supply mismatch. While freight rates, an indicator of health of the shipping industry, have moved up from their September lows this year, a faster global economic recovery seems to be…
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How Baltic Index effects Stock market?
Posted on: November 4th 2009 in Market Outlook.
Baltic Dry Index is a leading economic indicator, lately, it has been also behaving as a leading indicator of the stock market. The Baltic Dry Index (BDI) is a bulk shipping rate that is issued daily by the Baltic Exchange in London. This BDI is the Rate it costs to move goods around the …
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