Quick Update On The Baltic Dry Sector

Posted this morning Holy Cow! Baltic Dry Index Jumps 11.6%!!

Time to do some update on the Baltic Dry Index.

3 year chart for the index

And here is the dramatic 'recovery' of the index.

Here's how our BDI shippers are doing.

Nice gains eh?

Oh some would say.. stocks up now only say. LOL!

Just in case one is from planet Dumbplito... here are some recent postings.

• Holy Cow! Baltic Dry Index Jumps 11.6%!!!
• Are Things Looking Good As Baltic Dry Index Closed At 3494??
• Driven By Iron Core, Congestion And Lack Of Ships BDI Soars To 3164
• The Fool's Game In The Baltic Dry Index
• Short Comments On Crude Oil Futures And Baltic Dry Index
• And The Baltic Dry Index Reverses Yet Again
• China Shipping Warns Bleak Outlook For Baltic Dry Index
• Eyes On The Baltic Dry Index Again
• Baltic Dry Index Reverses Yet Again
• Some Comments On The Shipping Sector
  

ps: posting is for "walao! then how?"

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saw this..

• STOCK CALL: Citi upgrades Neptune Orient Lines (N03.SG) to Buy from Sell, raises target price to S$2.25 from S$0.90. "The worst looks over," as container shipper's funding risks have eased due to rights issue, container shipping rates and volumes have bottomed. "Global economic indicators further support our view that we are at an inflection point with the worst behind us." Views rights issue positively as will see gearing drop to 0.1X from 0.7X with only around 20% dilution. Says new (cum-rights) target price based on 1.3X FY09 price/book multiple, similar to levels seen in the early 2002 recovery. Adds accretive acquisitions, which look possible post rights issue, could provide further upside to share price, valuations. Shares closed +9.8% at S$1.68 yesterday. (KIG)

Pretty much aMusing... because if not mistaken the rights issue were pretty massive.. around S$1.4 Billion or so... IINM. :p2