Dry Bulk Shipping Rates Report - 12/10/08 DRYS

The following is a report on Dry Bulk Shipping Rates for 12/10/08. This data is critical for how the DryBulk Shipping Stocks such as DryShips ( DRYS ), Excel Maritime Carriers ( EXM ), Diana Shipping ( DSX ), Genco Shipping ( GNX ), TBS International ( TBSI ), Navios Maritime ( NM ), and OceanFreight ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt. Most of the stocks above are getting a huge bounce today as the stock market bounces back. This could be due to the fact that the Baltic Dry and Baltic Cap index have been rebounding lately. Nevertheless, these indexes are down almost 95% from the highs as iron ore shipments have come to a halt.

Dry Bulk Shipping Rates - December 10, 2008

Baltic Dry Index ( BDI ) - 691 Up 12
Baltic Cape Index ( BCI ) - 1058 Up 67
Baltic Panamax Index ( BPI ) - 450 Down 16
Baltic Supramax Index ( BSI ) - 511 Down 12

Past Bulk Shipping Rates

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