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.