The Ice Blog

by Ice

BDI Falls 93%

The Baltic Dry Index (BDI) is a number issued daily by the London based Baltic Exchange.  The index provides an assessment of the price of moving major raw materials by sea.  The BDI traces its roots to the Virginia and Baltick Coffeehouse in London’s financial district in 1744.  Taking in 26 routes measured on a timecharter and voyage basis, the index covers Handyman, Panamax and Capesize dry bulk carriers carrying a range of commodities including coal , iron ore and grain.

Will the US be CUT OFF from the World?  Watch the video, do some research and draw your own conclusions.


Update:  For those of you unaware of the recent news, the BDI has fallen 98% since this article was posted.  There is no merchandise being moved by sea.


December 23, 2008 - Posted by | Commodities, Credit, Economy, End of America, Index, manufacturing, Production, raw materials, Shipping, Trade | , , , , , , , , ,


  1. […] the rest of this great post here […]

    Pingback by Credit Crunch » BDI Falls 93% | December 23, 2008 | Reply

  2. […] details: BDI Falls 93% […]

    Pingback by BDI Falls 93% | kozmom | December 23, 2008 | Reply

  3. And EU bankers are hopping mad too because the government deficit is now way beyond the levels fixed under the Maastricht agreement. Government

    Comment by Government | December 23, 2008 | Reply

  4. […] the rest of this great post here […]

    Pingback by Commodities » BDI Falls 93% | December 23, 2008 | Reply

  5. […] To be sure, there are others ways to transport goods. And maybe the analysis that is presented in this video isn’t taking all things into consideration. And while others argue about the tax code, court cases […]

    Pingback by BDI Falls - | December 23, 2008 | Reply

  6. […] Ice for the heads up on […]

    Pingback by Baltic Dry Index Falls 93% or more! « LilBambi’s Blog - | December 30, 2008 | Reply

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