The Baltic Dry Index Slumped 60 Percent Last Year!

From Bloomberg, Jan 8, 2013: The glut in Panamaxes extends across the fleet. The Baltic Dry Index, a measure of rates for four classes of dry-bulk commodity carriers, slumped 60 percent last year. The Baltic Dirty Tanker Index of oil-shipping rates retreated 18 percent and a measure of charges for six types of containers declined [...] continue reading world news