One of the lesser-known fundamentals underpinning the global economy is the Baltic Dry Index, a benchmark that measures dry-bulk shipping rates. Dry bulk goods include the most commonly used raw materials, like grains, coal, and metals. When global economies are booming, demand for these inputs (and the ships to transport them) fuels high day rates for companies like DryShips (NDAQ:DRYS) to transport these goods across the world’s oceans.
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Look Out Below, Global Economy! The Baltic Dry Index in Freefall
(The Contrary Investing Report, 7/8/10)
Baltic Dry Index Tanks
(naked capitalism, 9/28/08)
Baltic Dry Index Drops 3.3% To 1,840 For 32nd Sequential Decline, Longest Drop In 9 Years
(Phil’s Stock World - Members S..., 7/12/10)
