Their Guggenheim Shipping Index (SEA), which tracks the Delta Global Shipping Index, is up 2.15 percent.
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The building sector was the most pessimistic with an index reading of 33, followed by the auto, retail and shipping sectors with index readings of 50 each.
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The Russell 2000 index of small-capitalization stocks also declined, while the Dow Jones Transportation Average an index of 20 shipping, railroad and airline stocks that is considered a bellwether of economic activity dropped 1.2%.
The Baltic Dry Index, which measures shipping rates for commodities, has jumped 40% for the year so far, 22% in May alone.
The Baltic Dry Index, which measures shipping prices around the world, remained flat for most of the quarter, but surged toward the end of August, registering a 9% gain through Q3.
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The Baltic Dry Index, a measure of shipping rates for bulk goods, has foundered.
The gap would be even wider if the index took Hawaii's shipping costs into account.
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The Dow Jones Transportation Average, an index of 20 railroad, shipping and airline stocks, pulled back 0.4%.
Chinese prices of steel have risen by 20% since November, and the Baltic Dry Index, a measure of shipping rates and hence the demand for commodities, has more than doubled, although it is still 84% below its 2008 peak.
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The Baltic Dry Index, a composite of commodity shipping costs around the world, fell for a 32nd consecutive session to 662.
The recent decline in the dry bulk index suggests that tighter emissions regulations on shipping vessel is unlikley to result in near-term cost distortions.
The Baltic Dry Index, the most widely followed measure of shipping costs, collapsed in January and, after a brief rally, is now on a down trend again.
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