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GNK Message Board

  • jeffwills45 jeffwills45 Jul 3, 2012 8:54 AM Flag

    Hey Now - BDI jumps 5 percent today

    03 July 2012

    Baltic Dry Index (BDI) +50 1063
    Rates
    BCI

    (Cape index)

    BPI

    (Panamax index)

    BSI

    (Supramax index)
    INDEX
    1290

    +86

    1019

    +26

    1269

    +5

    SPOT 4 TCE AVG (USD)
    5709

    +1543

    8117

    +207
    13268

    +50

    YESTERDAY (USD)
    4156

    7910

    13218

    YEAR AGO (USD)
    13586

    12744 13510

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    • That is good news. The Capes did real fine today. Genco owns nine of the them. If this is not the bottom, I hate to see the real one.

      • 1 Reply to dimegliomike
      • This is the AREA of the "bottom". I would expect that BDI 700 will be revisited as the delivery of vessels still to come this year will absolutely SWAMP all slight increases in demand. When you see these little one week, two week blips on the indices, there is always a reason. The problem is there is not going to be a reason for the indices to STAY up for more than a short time for at least a year to come.

        So cheer if you want, but for the rates to go from absolute CRAP up to merely DISMAL is not very exciting to me. Much like putting a band aid on a sucking chest wound, it won't help, won't last and the outcome is pretty much certain with or without the feeble attempt at aid.