Hi Wayne72,
If you have a look at a chart of the BDI (Baltic Dry Index) which is a measure of shipping costs, you will see that they have come down enormously since the spike during the eye of the GFC. Shipping costs are less of an issue now than they have been and with global growth still subdued, I do not expect this to chnage any time soon.
On my simple analysis, if and when the Panama Canal is widened and cape size vessels of the sort that freight Australian ore to China are capabale of freighting from Brazil, the trip distance is still going to leave them at a comparable disavantage.
Hi Wayne72,If you have a look at a chart of the BDI (Baltic Dry...
Add BCI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $634.5M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $1.106M | 4.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 176953 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 40304 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |