November 2011
Beginner
335 pages
9h 33m
English
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Baltic Dry Index
An important barometer to monitor commodity currencies and export-dependent nations such as Australian dollar, New Zealand dollar, and Japanese yen is the Baltic Exchange located in London. The Baltic Exchange advertises itself as the only independent source of maritime-market information. And rightly so since its existence traces back more than 250 years.
With a 550-member organization, the purpose of the group is arrange ocean transportation of bulk cargoes such as oil, coal, grain, iron ore, and sugar, to name a few categories, on behalf of ship owners and charterers (Baltic Exchange). The Baltic Exchange provides daily market information for the dry market for Capesize, Panamax, Supramax, and Handysize vessels (Baltic Exchange). ...
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