As Of Today, The Baltic Dry Freight Index Has Never Been Lower…(Recovery!!)

by Tyler Durden
ZeroHedge.com
11/19/2015

Having fallen for 20 straight days, crushing the hopes and dreams of the mid-year bounce – and thoroughly breaking down from seasonally positive tendencies – The Baltic Dry Freight Index has collapsed to all-time (back to 1984) record lows. As on shipping broker exclaimed, “This market is looking like a disaster and the rates are a reflection of that. It is looking scary for the market and it doesn’t look like there is going to be any life in the market in the near term.”

The Rest…HERE

This entry was posted on Thursday, November 19th, 2015 at 3:17 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.