This page has been archived and commenting is disabled.
Here's Why The Baltic Dry Index Is Collapsing (In 1 Image)
If ever there was a better indication of the malinvestment boom created by an interfering Fed, this is it. As demand for shipping collapses on real slowing in the global economy - markets have "told" shipbuilders to "build it and they will come"... here is a ship-shipping ship, shipping shipping ships.
h/t @NMMGreenwich
»
- 48601 reads
- Printer-friendly version
- Send to friend
- advertisements -
Dupe
Cash for sunkers.
It looks to me like an OSHA approved ship..with one life boat for every crew mwmber....a little over kill....but that is OSHA
lol. nice words Tyler(s)
Somewhere at ZH there is a calendar that says, "BDI Collapse Article" I guess its on the 13th to allow time to regurgitate this DEAD HORSE.
The index fell to the level of background radiation months and months ago.
Maybe its Amazons new delivery drones....for Venice
I am jack's barge of the dead.
https://i.imgur.com/S7mGtP3.png
wake me when it hits 2008 index low (and 2011 i think) of.. ship! ship! ship! (666)...the number of the Beast.
I saw this barges every month arriving in Rotterdam ( The Netherlands),year after year.They came from China ,now I see nothing more coming in.
Obsolete technology.
SHIELD heli-carrier:
http://www.youtube.com/watch?v=pBi0LqgwrH8
Probably not shipping anything because the railroads are all full of oilcars and nothing can get to or from the ports
Go the distance... aaaaand then go back, because seriously nobody can afford to pay for this shit ship.
I'd rather look at nicer things that are stacked.
It's Noah's Ark for bankers.
Bigest roach hotel ever. A Love boat checks in, but does not check out. The american middle class is in there somewhere.
Ships happen.
Why, if merchandise is transported by ships it's referred to as cargo, and if transported by land, it's shipped?
Yes, and why call it, pessimistically, the "dry" index? Why not the "wet"?
Because despite the fact that a rising tide floats all boats, some of these may be economic "floaters" and not all would likely want them floated!
Now how did those ancient people stack and haul such huge ships?? They must've had alien help.
Of course on a serious note seeing where we were 100 years ago and today that's not so joking. Seriously? Shit like underground atom splitting projects?
Is there really that much coordination to progress that far? Or was there help or a seperate class of humans that have been farther ahead than the rest of us that keep us around till they aren't going to need us anymore?
You tell me. I just have a hard time wrapping my head around that.
That's some funny Ship!
Baltic Dry 2014 Starts With Biggest Drop In Price Since Records Began http://forum.prisonplanet.com/index.php?topic=254438.0
How much ship, could a ship shipper ship, if a ship shipper couldn't ship ship?
He'd be up SHIT/SHIPS's creek without a SHIP-FUCKING paddle.
Harder to say than expected!
The Baltic Index is headed for dry dock.
This thread has definitely got to be in the top five funniest threads.
I didn't know they stacked ship that high!
I didn't know they could stack ship that high.
EDIT: Holy shit, that ship has already sailed. Missed it by THAT much!
Amazing.. this picture tells me floating cities can really be happening. This structure can have a thousand families living in it.
And that is the new real estate market. Houses on a float.
it will works great in SF bay.
This could give new meaning to "sinking housing values!"
I got the Dr. Suess-ism. The Hotch-Hotcher watcher! If you got kids...you might know this one.
CB seaman
at the risk of possibly repeating
Holy Ship !
On the side of one vessel you can barely read "Do Not Stack Over Five High".
Look up, somali pirates! They're taking 14+ ships this time, mayday, mayday, it Captain Phillips in my new job...
...ShipOnBoard
Nice rack.
...FED carrying s#!tload of TBTF banks...
The ships about to hit the fan/ Fed.
JD
They were probably ordered by someone building another "ghost city" in China. Good times! These aren't the droids you are looking for. Move along. Everything is JUST FINE!
Whats better less or more...."More"!
Whats better bigger or smaller...."Bigger"!
ibid...verizon
I am thinking there is no need for life boats on that ship. LOL
That must be some kind of government program.
Lots of fun comments but joking aside a huge drop off in shipping does not bode well for the economy going forward. I was happy to pass out a slew of thumbs ups!
Sadly this brings into question the value of markets everywhere and the value of "all assets." This drop off in trade and demand is very spooky and not well covered by the main stream media. More on the subject of value and what something is worth in the article below.
http://brucewilds.blogspot.com/2012/11/what-is-something-worth.html
HOLY SHIP!!!!!!!!!!!!!!
Looks like something Barack Obama would dream up to be built for himself at taxpayer expense. Probably has a spot to tee off on the third deck.
if you want to be a millionaire in the shipping biz
start with two million
looks like old ships heading to the scrap yards in india
no crane needed, semi submersible float on float off or photoshop it... take your choice.
remember the one that brought back the uss cole....
http://www.uh.edu/engines/epi2540.htm
so... where would the skipper of the ship-shipping ship, shipping shipping ships sit? Hmmm?
I want the one on the bottom, please. :)