In the world of competition, if one of the major competitor declare bankruptcy, it will be booster to others as it will result less intense competition ahead and pressure on shipping rate will greatly relieve....evidently show by increase in BDI and boosting in other shipping stock price in world market
Hanjin Shipping shares surged as much as 28 percent in morning trade on Thursday after the board of Korean Air Lines, its biggest shareholder, approved lending 60 billion won (US$53.96 million) to the troubled container carrier.
The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, product to transport and time to delivery, or speed. The Baltic Dry Index is a composite of three subindices that measure different sizes of dry bulk carriers, or merchant ships: Capesize, Panamax and Supramax.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ZhugeNemo
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Posted by ZhugeNemo > 2016-09-22 10:11 | Report Abuse
Bingo