Baltic Dry Shipping Index Drops Another 4%, Longest Decline On Record Enters 31st Day

Posted By on July 8, 2010

Records are made to be broke….

By Tyler Durden         07/08/2010

The Baltic Dry Shipping Index, which contrary to what some may claim, actually is one of the best leading indicators on global trade and thus the health of the economy, continues to plunge, and is now below 2000, hitting fresh 14 month lows, at 1940. It is now at the levels last seen during the March 2009 “generational” low, and just after the Lehman bankruptcy.

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