Shipping companies are still struggling ,And are hit badly as the BALTIC dry index
continues to fall.
In my last post Baltic Index the nemesis of Shipping companies had clearly warned not to put any money in shipping companies till Baltic shows some support or upward bias,Since then the Baltic has fallen from 2900 to 1221 a whooping 1679 points.Side by side shipping companies continue to bleed.
In near term fundamentally nothing much looks diffrent from the present situation.So better watch out for BALTIC DRY INDEX for clues.
Saving money is making money in present situation.
Regards
Rish
No comments:
Post a Comment