Source: Financial Times, 3rd September 2009
Uh-oh. While investors have been distracted by the brightly coloured balloons of rebounding economic output, the Baltic Dry Index, a measure of shipping costs for commodities, has been quietly deflating. Daily rates for leasing the largest Capesize vessels are down about a quarter over the past fortnight. Since nudging over 4,000 in early June, the BDI - a composite of rates for four sizes of ship - has fallen 44 per cent.





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