Dry Bulk Shipping Rates Poised to Hit a New All-Time Low

The record for the absolute worst dry bulk shipping spot rate of all time was set in February 2016, when the Baltic Dry Index (BDI) slumped to 290 points and vessel spot rates were just $2,000 per day. Four years later, that ignominious record may be about to be broken.

The BDI is now in freefall, closing at 466 on Monday, down over…

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