Some of the weakness of BDI could be explained by new carriers coming online.......but if we had REAL ECONOMIC EXPANSION and subsequent expanding demand, if you consider rise in costs of almost all commodities, one should expect to see at VERY LEAST a recovery in BDI.....not an all out collapse....this is pretty much that.
From Wikipedia, the free encyclopedia
"The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes.
The index provides "an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."
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