well, if this demand destruction is for real, or at least
majority of players think of it as real, then shippers will be
deemed as not having a lot to ship.
The key to all of this commodity thing is two folds,
1. Baltic Dry Index has to start climbing
2. Chinaese Market (SSEC) should show signs of a bottom
Thanks for the link to the Baltic Index...also DRYS earnings
were out last week and they were a bit disappointing...These were
such momentum stocks and all the juice is out of them for now..
drys, exm, gnk
Posted by kichan77 on 2nd of Sep 2008 at 12:15 pm
anyone know why shipping sector got hammer today?
well, if this demand destruction
Posted by dallahoo on 2nd of Sep 2008 at 12:46 pm
well, if this demand destruction is for real, or at least majority of players think of it as real, then shippers will be deemed as not having a lot to ship.
The key to all of this commodity thing is two folds,
1. Baltic Dry Index has to start climbing
2. Chinaese Market (SSEC) should show signs of a bottom
shippers
Posted by riverblu on 2nd of Sep 2008 at 12:31 pm
the BDI has been going down daily---->http://www.dryships.com/index.cfm?get=report
Baltic Dry Index (BDI) -225
Shippers
Posted by lindaloo on 2nd of Sep 2008 at 12:34 pm
Thanks for the link to the Baltic Index...also DRYS earnings were out last week and they were a bit disappointing...These were such momentum stocks and all the juice is out of them for now..
It would follow that
Posted by rbreese on 2nd of Sep 2008 at 12:24 pm
It would follow that with commodities down and a weak World Wide economy people will be spending less and hence shipping would slow. Hope that helps.
Shippers
Posted by lindaloo on 2nd of Sep 2008 at 12:24 pm
I imagine that they are down because of the general decline in commodities...might be something alos with the Baltic Index as well