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| Factoid of the Day |
Friday, May 9, 2008
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The Baltic Dry Index (BDI) has increased from a reading of around 6,000 in late January to nearly the 10,000 mark today, and is poised to challenge last summer's high of 10,700, according to SeekingAlpha.com. Dry bulk shippers move crude oil, agricultural products and materials (iron ore, steel, coal, etc.). Shipping rates have obviously been boosted by the rally in commodities. The Reuters/Jefferies CRB Index is up 17.7% so far in 2008.
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