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Posts Tagged ‘Baltic’

The selections in this book originate mainly from German and English sources. There is a mass of East Baltic folk-lore from which to choose which gives but a feeble idea of the extent of Baltic folk-lore. But, in this volume you will find more than 50 tales of Enchantments, Wizards, Witches, Magic Spells, Nixy Queens, Giants, Fairy White Reindeer, and glittering Treasures from the Baltic Lands of Lapland, Finland, Estonia, Latvia, and Lithuania.

Their setting is the Long Winter Nights with its brilliant play of Northern Lights over the snow-covered tundra; or the brief Arctic summer–its sun burning night and day–with its birds, flowers, insect-clouds, singing waters, and almost tropic heat; or the golden sunshine
of the southern amber coast. But it is the Northern Lights themselves, flashing and flaming through the dark heavens, that cast their mystic weirdness over many of these tales moulded by the peculiar imagination of the Asiatic and European East Baltic folks. Read the rest of this entry »

The Baltic Dry Index is a shipping price index created by the London based Baltic Exchange. It measures changes in prices of transporting dry bulk cargo such as grain, cocoa, phosphates, fertilizers, animal feed, oil, coal, iron ore and metal by sea. The Baltic Dry Index is calculated by taking the time charter components of the Baltic’s capesize, panamax, supramax and handysize indices (Baltic Exchange). Multiple geographic routes are taken into consideration in the calculation of all indices.

The Baltic Dry Index is considered an excellent gauge of global trade. The Baltic Dry Index measures the demand and supply of dry bulk shipping capacity. An increase in demand for dry bulk shipping capacity indicates growth in trade of bulk cargo which is often raw material for intermediate or finished goods. This points to growth in consumption and general economic health. The Baltic Dry Index is considered an impartial leading indicator (predictor of future economic activity) because it is free from speculation. Nor is it subject to many adjustments and revisions. The Baltic Dry Index indicates the real demand and supply for dry bulk cargo space. Only those who have cargo to ship will buy space and anyone with the available space would supply it because it’s very costly to keep an idle ship.

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