Monday, January 13, 2014

Baltic Dry Index Plunges Sharply

"At 1,395, the the Baltic Dry index, which reflects the daily charter rate for vessels carrying cargoes such as iron ore, coal and grain, is now down 18% in the last 2 days alone (biggest drop in 6 years), back at 4-month lows. The shipping index has utterly collapsed over 40% in the last 2 weeks."

Posted by S Benard at 11:30 AM