DRY BALTIC INDEX CLIMB TO 1.636 IN A CONTINUOUS RIDE

The DBI attained last Friday 1.636 level, following a continuous upward tendency. DBI was at 698 in January,2nd this year.

¿Can we take this evolution as an indication about markets recovery?. or, ¿It is a consequence of the Syrian war and the possible USA military intervention?.  The answer is that the ocean freights cost for bulk materials transport are today 134% more expensive than in January.

Correlation between DBI and Economic Indicators has always been under question. Fact is that DBI prices are following Oil Prices during 2013.