Tuesday, July 31, 2012

Baltic Dry Index Historical Data

Back in late 2007 and early 2008 when commodity markets were really humming, the Baltic Dry Index was a closely followed indicator of economic activity (especially in emerging markets).  It measures the daily cost of chartering a dry bulk ship to move commodities across the ocean.  In late 2008 it collapsed in the financial crisis and has never recovered as a glut of newly built dry bulk ships flooded the market.  It's interesting to see the the index is back to its lowest levels.

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