The Baltic Dry Index, which measures shipping rates on 40 routes across the world, has fallen eightdays in a row.
Dry bulk shippers, like Genco, have tumbled in response.
If the world doesn’t fall into a worldwide recession, investors will look back at today’s prices as a screamingbargain.
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There are some hints that Chinese and Brazilians are resolving their differences. We’ll see if this leads more chartering on the Capesize front. I am trying to get up some nerve to go back into some of the dry guys but would like
to see the Capesizes turn upward first.