Jonas

Baltic Dry Index Signaling a Market Bottom?

Drybulk is going up. All major companies had stock of raw materials for at least 6 months, witch they bought at a very high price. All these companies are liquidating their stocks and stopped buying raw materials. These stock are becoming depleted! Raw materials are going up like a rocket pretty soon! As raw materials are low, and the horizon is in sight, companies are beginning to place new orders, withc will max up within 1 or 2 months. If you have the possibilety to look into warehouses, you'll see a big difference with last summer.

PS: Armanda Shipping leased their ships, and had contracts running without demand. They did not have any ships of their own, and could not get credit without activa.