The Baltic dry index has dropped almost 10 times since July 08. Which indicates that shipping demand have also dropped.
See for yourself at
http://investmenttools.com/futures/bdi_baltic_dry_index.htm
As for airlines, I haven’t heard of any airlines looking to expand their fleet during a recession. More likely, they will be looking at cutting costs.
Our only saviour is that fuel prices has drop significantly.
afgha - phone call to administrator, page-36
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Last
$1.62 |
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Mkt cap ! $438.6M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 3545 | $1.62 |
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| AFG (ASX) Chart |