Panamax Freight Index Drop

[errolanderson]

Unless my screens are showing faulty
data, the Panamax (ocean freight) index
really dropped today (about 30%).

This suggests that global shipping is
slowing and there is a now a substantial
surplus of ocean freight.It appears that
global commodity trade may have really
hit the skids-of-late.

This may be fallout from Europe's
decline impacting China's factory
output.

fyi . . .

[HappyFarmer]

errol.
Aside from my farm i have a grain trading business.
Steamship lines have been pushing us for months, cutting back vessels/containers, etc trying to justify higher.
Guess what, they couldnt hold them.
Just shows you how slow the world TRADE, really is.

[LWeber]

Baltic Dry 778 ( 0.13%)
Baltic Capesize 1,676 ( 0.96%)
Baltic Panamax 463 ( 5.47%)
Baltic Supramax 818 (-0.85%)
Baltic Handysize 454 (-2.78%)
As of 10/02/12

[LWeber]

Baltic Dry 798 ( 2.57%)
Baltic Capesize 1,738 ( 3.70%)
Baltic Panamax 496 ( 7.13%)
Baltic Supramax 810 (-0.98%)
Baltic Handysize 448 (-1.32%)
As of 10/03/12

[bucket]

Good time to take advantage of low
freight. Demand Will not be slowed at
the current prices. The cwb should be
taking note as well as other exporters.

[ColevilleH2S]

Panamax rates up fourth day in a row.

http://mobile.reuters.com/article/idUSL6E8L3E6I20121003?irpc=932

[wmoebis]

I don't know anything about how freight
is negotiated but can/do they lock in
lower rates to be used later, Sorta like
forward pricing?

[bucket]

It would seem logical to do so, otherwise, what is the purpose of a freight index?

[LWeber]

Baltic Dry 875 ( 3.55%)
Baltic Capesize 1,932 ( 3.15%)
<b>Baltic Panamax 598 ( 9.93%)<b/>
Baltic Supramax 795 (-0.87%)
Baltic Handysize 444 (-0.22%)
OCTOBER 09

[LWeber]

Baltic Dry 875 (-0.91%)
Baltic Capesize 1,829 (-4.79%)
Baltic Panamax 712 ( 10.05%)
Baltic Supramax 789 (-0.25%)
Baltic Handysize 442 (-0.45%)
As of 10/09/12

[SteveyMcFly]

Yeah, it really looks like our <a
href="http://www.wilshipping.com/cargo-
freight">cargo freight</a> business cannot
hold against the "onslaught from the
East". While we cripple our economy more
and more, China builds up its advantage
and there will come the point, when the
"game is over" and China has the most
points among players

[LWeber]

Baltic Dry 1,037 ( 2.67%)
Baltic Capesize 2,332 ( 5.19%)
Baltic Panamax 861 (-2.05%)
Baltic Supramax 721 (-1.50%)
Baltic Handysize 445 ( 0.00%)
As of 10/22/12

Baltic Dirty Tanker 680 ( 0.59%)
Baltic Clean Tanker 658 ( 0.46%)
As of 10/22/12