World’s Biggest Containership “Hard Aground” As Baltic Dry Crashes Below 300 For First Time Ever
by Tyler Durden
ZeroHedge.com
02/04/2016
Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever – at 298, this is almost 50% below the previous record low. But it’s not just commodities and the Baltic Dry that stalled, as gCaptain reports, one of the world’s biggest containerships is hard aground in Germany’s Elbe River leading to the port of Hamburg.
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