Baltic Dry Index Sinks Even Lower

Posted by Nogger - a legend in his own mind at 16:03 | Categorized as

The Baltic Dry Index, which measures dry bulk shipping rates on 40 routes across the world, sank 16 points to 684 points Tuesday. The index has plummeted 94% from its all-time record high of 11,793 points late May, and is now at it's lowest level since September 1986. The index has fallen 167 points, or 20% in the last month alone, which may help stimulate world demand for grains from importing nations.