Loading ...parts:
“Those who follow shipping already know that the dry bulk segment has been caught up in a historic bear market for the past three years. This downturn is best seen through the lens of the Baltic Dry Index, a current indicator.”
“Introduced on January 4th, 1985, at 1000 points, this economic indicator had reached a record high of 11,793 on May 20th, 2008 and a record low of 290 on February 10th, 2016.”
https://seekingalpha.com/article/4052442-dry-bulk-shipping-talk-leading-indicators
Comment:
Think about it. The central planners get all the little people to save energy, while they all waste energy delivering toys and screwdrivers across oceans and continents, that can be made or produced where they are needed. Airlines and artificially cheap tickets are another fuel wasting endeavor. Encouraging millions of people to fly to far away places cheaper than a bus ticket. No catalectic converters or mass air flow sensors on a jet plane wasting fuel. I’ll bet air travel is also in a contraction.