Tag Archives: Harper Petersen Shipping Index

China finally reports news that correlates logically with that of its trade partners

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China hard landing more credible by the day, its stimulus effect less credible

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More technical support than fundamental support for further China rally

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China’s oversold rally continues impressive, despite lacking evidence that economic recovery is responsible

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China Continues Breaking

“China continues breaking all trend lines; both the BDI and the Harpex argue that further weakness lies ahead” – Beachcomber

Here’s the updated Harper Petersen Containerized Freight Index. The Harpex fell 40% in the second half of 2011, reflecting the then accelerating slowdown in global demand, and serving notice that China’s export dependent economy was about to be exposed. After six straight months of decline, the Harpex bounced 20%, before turning back down toward the lows. It wouldn’t take much additional decline for the Harpex to test the area of the financial crisis lows of 2008.

SSEC Monthly

 

SSEC – BDFI Daily

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Will The Global Economy Breakdown below 2008 Crisis Levels?

Both dry bulk cargo and container freight rate trends show how far-fetched global economic recovery is anytime soon.  In fact, as the charts indicate, it’s not a foregone conclusion that the global economy will avert a breakdown below its late 2008 crisis levels. – Beachcomber

Harper Petersen Shipping Index

Baltic Dry Freight Index

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