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by runeks
4127 days ago
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> Right now, ships will change their speeds based on changes in interest rates, since it is more fuel efficient to move slowly, but when interest rates go up, it is worthwhile to get the cargo to its destination quicker. Perhaps this is the reason the Baltic Dry Index ("an assessment of the price of moving the major raw materials by sea" [1]) is at an all-time low? http://data.cnbc.com/quotes/BALDRY/tab/2 [1] http://en.wikipedia.org/wiki/Baltic_Dry_Index |
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