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Baltic Dry Shipping Index

Discussion in 'Ask An Owner Operator' started by Gentlemanfarmer, Nov 19, 2015.

  1. Nov 19, 2015 #1
    Gentlemanfarmer

    Gentlemanfarmer Medium Load Member

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    Feb 26, 2010
    Greenville, FL
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    I found this article related to global shipping that says a lot about the way things are in the transportation industry here. Basically the Baltic Dry Shipping Index measures shipping rates for coal, iron ore and grain around the world. The rates dropped to 504 on Thursday, November 19, the lowest rate since 1985. Much of this has to do with China not importing coal and iron ore to make steel, which in turn means they are exporting a lot less. Both the oil collapse and Chinese recession have taken their toll on the US trucking industry as we have seen rates collapse as well as freight dry up.

    Here is the link:

    http://theeconomiccollapseblog.com/...ndex-just-collapsed-to-an-all-time-record-low
     
    Gentlemanfarmer, Nov 19, 2015
    Gentlemanfarmer, Nov 19, 2015
    #1
    Cat sdp, daf105paccar and freightwipper Thank this.
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  3. Nov 19, 2015 #2
    freightwipper

    freightwipper Road Train Member

    9,366
    11,439
    Mar 24, 2014
    OTR
    0
    ####
     
    freightwipper, Nov 19, 2015
    freightwipper, Nov 19, 2015
    #2
  4. Nov 19, 2015 #3
    DUNE-T

    DUNE-T Road Train Member

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    16,846
    May 10, 2015
    Detroit, MI
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    Dramatic Dmitry.jpg
     
    DUNE-T, Nov 19, 2015
    DUNE-T, Nov 19, 2015
    #3
    77fib77 and mountaingote Thank this.
  5. Nov 19, 2015 #4
    Hurst

    Hurst Registered Member

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    Aug 24, 2011
    Tampa, Fl
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    That site gives me the heebie jeebies.

    Hurst
     
    Hurst, Nov 19, 2015
    Hurst, Nov 19, 2015
    #4
    MediumD Thanks this.
  7. Nov 21, 2015 #5
    MediumD

    MediumD Light Load Member

    51
    29
    Dec 3, 2009
    Albuquerque, NM
    0
    I'm just gonna put it out there...

    Theeconomiccollapseblog may not be the most reliable source for ground transportation information. I'm not saying that they're necessarily incorrect, just that they could theoretically have an agenda of their own..
     
    MediumD, Nov 21, 2015
    MediumD, Nov 21, 2015
    #5
  8. Nov 21, 2015 #6
    king Q

    king Q Road Train Member

    2,880
    3,032
    Jul 26, 2010
    Johannesburg sa
    0
    China is not in recession.
    In fact they are growing more than they did 10 years ago.
    The official estimate is somewhere around 6% to 7% but theses are growth figures based on increases over the previous year.
    If you consider compound growth the actual amount added to their GDP is larger than the double digit growth figures of years gone by.
    Their problem is over capacity but it seems they are attempting to address that.
     
    Last edited: Nov 21, 2015
    king Q, Nov 21, 2015
    king Q, Nov 21, 2015
    #6
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