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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The Baltic Dry Index: The Only Economic Indicator Worth Tracking Right Now
(Contrarian Profits, 11/14/08)
Baltic Dry Index Continues to Fall, Now 90% Below May Level, Ships Sitting Idle
(naked capitalism, 10/23/08)
The Baltic Dry Index: The Only Economic Indicator Worth Tracking Right Now
(Investment U, 11/13/08)
