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+--- Thread: the Baltic Dry Index (/thread-8986.html)
the Baltic Dry Index - Ed Jewett - 25-02-2012
"Also, the Baltic Dry Index, which tracks the shipping rates for bulk commodities, had sunk to 647 on Feb. 3, the lowest level in more than 25 years, before recovering in recent days. Even though there is a glut in the freight markets, the fact that shipping companies now charge as much as they did in Aug. 1986 when oil traded around $13 a barrel is mindboggling. Only two months into 2012, the index has already lost nearly 60%."