"...The dry bulk freight rates have been on a free fall so far this year due to lack
of fresh cargo supply in key global export centers and growing fears of a U.S.
recession.
The Baltic Exchange's chief sea freight index for dry commodities
.BADI, which monitors major trade routes for coal, iron ore, cement and soft
commodities such as grain and sugar, touched a new low of 6,437 points today,
since hitting a life high of 11,039 in November last year. ..."
Source.
