BDI - Baltic Dry Index

The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry bulk cargoes.

The index provides "an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."

Source: http://en.wikipedia.org/wiki/Baltic_Dry_Index

You can check the BDI chart from the following link.

http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND

BDI more 4000 already, believe it will continue to climb up  by end of this year

sure coscorp will soar in short future!

Agree with your comment "when a company make $$$ or ve positive news, analysts will recommend "buy", but the "buy" price, being current, has already factored in the good news liao. company lose $$$ or ve bad news, all recommend sell".

While others are selling based on analyst recommenations, this is the time when people start accumulating at low prices. Look how COSCO has jumped from around $1 to $1.14 and also how Yangzjiang has also moved up to $1.15 ; even surpassing COSCO price !!! As Yangzijiang move up COSCO price is also being pushed up. VOlumes are also high.

Yangzijiang is a  much smaller niche shipbuilder compared to COSCO. So when the shipbuilding and shipping industries turnaround as the economy picks up COSCO price will move evenfaster and leapfrog ahead of Yangzijiang. How high did COSCO hit and how high did Yangzijiang reached in the past?

Shipping and ship building may be in rough seas but is entirely in a different industry from Chartered. Thus, the business cycles are different. One day when economy picks up the company will be another hot favourite. Buy when cheap to hold long term. When analysts recommend sell but some others are also accumulating at cheap prices. Train as a means of transport once loss its sparkle and yet Warren Buffett recently invested in this industry substantially. There must be reasons for others to accumulate shipping and shipbuilding counters at this price level when you see a bigger picture and longer horizon.