Shipping stocks have been in the doghouse in recent years. A prolonged slow down in the global economy, most notably in China, Brazil and Australia, has taken its toll on sea-transportation volumes and shipping rates. The Baltic Dry Index (BDI) collapsed from around 11,500 back in 2008 down to 300 by the end of 2015. But things have been changing recently. China has been showing signs of stabilization, with the Purchasing Managers Index and the Producer Price Index rising; and the BDI gaining 1...
Shipping stocks have been in the doghouse in recent years. A prolonged slow down in the global economy, most notably in China, Brazil and Australia, has taken its toll on sea-transportation volumes and shipping rates. The Baltic Dry Index (BDI) collapsed from around 11,500 back in 2008 down to 300 by the end of 2015. But things have been changing recently. China has been showing signs of stabilization, with the Purchasing Managers Index and the Producer Price Index rising; and the BDI gaining 1...
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