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Anonymous
2016-02-21 03:13:09 Post No. 1103401
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Anonymous
2016-02-21 03:13:09
Post No. 1103401
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The Baltic Exchange's main sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, has lost about 98 percent of its value from a peak of 11,793 points in May 2008, marking the lowest level since records began in 1985.
>At the height of the market, dry bulk vessels could command daily fees of about $185,000 but that has dropped to about $4,000 to $6,000 a day now.
>With operating costs for dry bulk ships at about $5,500 to $7,500 per day, depending on the size of the vessel, the global commodities meltdown has made it hard for many operators to cover costs.
Well it seems that the shipping market has hit the bottom so it's a good time to invest. Is anyone familiar with this? I mean how do I invest in this index?
