Peter Sand
2016 déjà vu lurking as Baltic Dry Index lingers at lowest levels in decades
In yet another turn of extraordinary events, the Baltic Dry Index (BDI) is now hovering around the lowest level in at least 20 years. The index currently sits at 520 index points (1 June 2020), 583 points below the reading one year ago and underscoring the difficulties currently faced by dry bulk shipowners.
While the advanced economies in Europe are starting to ease containment measures, the Covid-19 outbreak...