Independent journal on economy and transport policy
08:29 GMT+2
Altman Z: An indicator for determining the financial health of shipping companies
(Exim India)
March 19, 2017
Capt. Ashwani Jhingan Exim India
Shipping companies have been struggling for a while. Charter rates are lower than they were after the global economic crisis, although showing upwards trend lately.
Baltic Dry Index (BDI) was highest at 11,793 on May 20, 2008 and slumped to 663 on December 5, 2008. BDI remained on the lower side thereafter, at around 1,500, but kept vacillating up and down till it plunged to a historic low of 290 on February 10, 2016. It was around 1,147 on March 15, 2017 ...... Read more on Exim India
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