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Baltic Dry Index: 666

Forget The Hindenburg Omen and The Hilsenrath Omen, today we have the real deal asThe Baltic Dry Index hits the ominous 666 level – the lowest print for this time of year on record. Of course, just like with oil – this is brushed off as over-supply (not under-demand) and we are sure someone will opine how positive this drastic deflation of shipping rates is for global business… but still – this is the lowest print since September 2012 (and practically the lowest since the recession).

 

At 666, The Baltic Dry is practically at post-recession lows…

 

and is the lowest ever on record for this time of year…

 

 

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