BALTIC FREIGHT INDEX 'surges' as TEU's 'collapse'........

TEU $'S as at Friday 13th September 2013

For all the talk about higher stock prices in China & 'surging' Baltic Freight Rates (as production surges); the reality may be more complex & less ebullient that published?
Rates are DOWN 32.6% in the last 6 weeks on the Shanghai- Med Routes; for Northern Europe Rates have fallen by 35.6% & now some 20.7% lower year-on-year.