The following is a report on Dry Bulk Shipping Rates for 12/18/08. 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.
Dry Bulk Shipping Rates - December 18th, 2008
Baltic Dry Index ( BDI ) - 829 Down 7
Baltic Cape Index ( BCI ) - 1476 Down 79
Baltic Panamax Index ( BPI ) - 543 Up 29
Baltic Supramax Index ( BSI ) - 464 Down 12
Past Bulk Shipping Rates
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