Baltic Dry Crashes To New Record Low As China “Demand Is Collapsing”
by Tyler Durden
ZeroHedge.com
12/16/2015
Despite a brief dead-cat-bounce late November, which Jim Cramer heralded as evidence of stabilization in China, the world’s best known freight index has collapsed to new all-time record lows this morning. Amid a persistent glut of ships and ongoing concerns about Chinese steel imports, The Baltic Dry has tumbled to 471 – the lowest level in at least 30 years.
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