ships will rust at sea as bdi down 194 more, page-10

I read an article on Bllonberg (from another post just now). One reason for the BDI slump, in addition to the obvious is that the banks are not guaranteeing


" The Baltic Dry Index, a measure of seaborne freight costs, fell 11 percent to a five-year low today for a 50 percent decline this month. Pacific Basin Shipping Ltd., Hong Kong's biggest dry- bulk carrier, said demand for moving coal and other raw materials will fall because banks are guaranteeing fewer loads...."


(Source: http://www.bloomberg.com/apps/news?pid=20601012&sid=azSF08cFa3aQ&refer=commodities)

40..Had a beautiful bottle of Spanish Temranillo from Rioja....nice to soak the brain a little occasionally..:). They have start planting quite a bit in Aussie...