"reflects the terrible pricing tanker companies receive for leasing their vessels. Clearly some of the oil tankers problems have to do with more vessels coming on line, weak capital access and decreased demand. But not all. Dry bulkers face the same issues. It's hard to see how the index can stay down in sharp contrast to a rising demand for the transport of iron, grain, and coal as evidenced by the BDI. After all, oil tankers do participate in a global economy. This last week, the BDTI has seen a fledgling increase. A more sustained strengthening in the BDTI would propel Nordic American (NAT) and Frontline (FRO). If the dry bulking industry is returning, can the BDTI be far behind?" Stephen Rosenman, seekingalpha.com
Thursday, November 08, 2012
Baltic Dirty Tanker Index
Like me, I'm sure you are pretty puzzled about what is going on with the Baltic Dirty Tanker Index. It's going through the floor!