3 ms·

i checked the BDI https://tradingeconomics.com/commodity/baltic https://tradingeconomics.com/commodity/baltic its exactly at the historical 30 year average. no

• eru 3y ago
  Do you know how that index works? Is it inflation adjusted? (Does it even include price components that would need to be inflation adjusted?) https://www.balticexchange.com/en/data-services/market-information0/dry-services.html https://www.balticexchange.com/en/data-services/market-infor... ostensibly has some information on the index, but it's hard to tell. If it's not inflation adjusted, then being on the 30 year nominal average is actually a substantial decline in real costs over time.
  • dandellion 3y ago
    If the chart is not inflation adjusted it means it had been declining in real costs for the 27 previous years, so why is it only a problem now?
    • eru 3y ago
      Oh, shippers complain from time to time about cost pressures. It's not a problem only now as far as I can tell.
• SargeDebian 3y ago
  Not saying that the article's framing is correct, but being at the 30y average does sound like a bad situation for shipping companies - they must have had some rising costs.
  • consp 3y ago
    Or have optimizations and economies of scale in place to offset the increase in costs. My money is on that.