China-funded seaborne stock market reversed

Source: Internet
Author: User
Keywords Freight shipping
The Baltic Dry Bulk Shipping Index (BDI) continued to vomit drag, the Chinese shipping stocks this morning marked downward, CSCL (02866-HK) Half a half-day fell 5%, Pacific Shipping (02343-HK) and the Sino-Sea Development (01138-HK) also fell more than 3%, China Ocean (01919-HK) Then soft 2.7%.  The BDI index, which fell 4.3% to 3,646 points in Monday, has fallen by 15% per cent in the past 3 trading days. A new study by JPMorgan said that except for the flexible dry bulk carrier (flat), all classification indices of all types of ships fell late last week, and the market reversed after that. Another actual lease transactions and BDI exist a certain degree of disconnection, resulting in industry feedback that the index does not necessarily represent the actual freight market is often at the same time by the spot price of freight began to weaken the impact of the market, the last week forward freight agreement a sharp correction.
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