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Commentary

Shipping Index deep dives

From Big Picture: The “Ugly” Baltic Dry Index:

Shipping Index deep dives

This is going to cause a lot of damage to companies that have ordered ships because of all the demand. Some of them in India are Shipping Corp and GE Shipping – and a number of smaller players too. The credit freeze is impacting global shipping – as without credit there’s no shipping of goods.

Current prices are where they were five years ago. If the BDI gets any lower, it’s going to be a sorry affair.