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Monday, October 21, 2024

Baltic dry index - 1576

Related stock: Seatrium, Cosco & Pan Ocean

We can see from the BDI that it is declining.  What does this mean? We can consider BDI as a sea freight index.  When the sea freight index drops, it means the cargo shipments are dropping and this usually denotes an economic slowdown since most of the world cargoes are shipped by containers ships.

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