A decade has passed since the 2008 dry bulk freight rates began a long downturn which coincided with the Financial Crisis and culminated with a historic low in January 2016. And while many are encouraged by the rebound since then, a cursory look at the Baltic Dry Bulk Index (BDI) indicates how serious the collapse was and how modest and fragile the recovery is.
Not only has the dry bulk market not returned to pre-collapse levels, it’s struggling to maintain freight rates last seen in the...
http://blogs.platts.com/2018/04/20/dry-bulk-freight-downturn/