Horizons Unlimited - The HUBB

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-   -   Maritime Transportation index fell by 95% (http://www.horizonsunlimited.com/hubb/trip-transport/maritime-transportation-index-fell-95-a-39279)

Vorteks 2 Dec 2008 14:04

Maritime Transportation index fell by 95%
Just a quick note to point out that in 4 month, the Baltic Dry Index value fell by 95% from nearly 12000 points to under 700 today.

Basicly, due to the rapid economic slump, international trades slow down very quickly. Supply exceeds demand by very far, and this wont change till at least the end of 2009.

So if you plan on shipping your vehicule in 2009, negociate tight, because it will cost you more today than tomorrow.:innocent:

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