BDI rates will rise ahead of USA recovery
in 3rd qtr in my opinion, Forecasts are showing the USA GDP will rise dramatically in the 3rd qtr due in part to the rebate checks that the FED. will send out starting in May 2008. As was the case last year bulk shippers were at lows in Jan.- Feb but rose sharply as we started heading into Spring & Summer. This year will be no different, in fact it may accelerate up faster if the current slowdown is deemed mild.