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Shipping rates, Asia to Europe, drop to zero


HeartThais

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http://www.telegraph.co.uk/finance/4229198/Shipping-rates-hit-zero-as-trade-sinks.html

 

The summary is that shipping costs have dropped to near zero as import demand has weakened significantly. The Baltic Dry index is often used as a leading indicator of international economic activity. This is further evidence that Asian country exports will be even worse than imagined.

 

I think this is positive news for punters.

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