"Concerns over a global economic slowdown were fuelled after a leading economic indicator measuring future economic activity tumbled to an all-time low on 22 January 2016. The Baltic Dry Index, which provides an assessment of the price of moving the major raw materials – such as coal, iron ore and grain – by sea by taking in 23 shipping routes measured on a timecharter basis, fell to a historic low of 354.Trechos retirados de "China economic crisis: Baltic Dry Index hits record low amid fears over global trade slowdown"
it was the shipping industry, rather than the global economy to have it the rocks, and that the sector had only itself to blame for the current ordeal. The world's fleet doubled in size between 2010 and 2013, while China's ambition to get a foothold in the commodities trade saw a sharp increase in Beijing's order intake for new ships as the country doubled its shipyard capacity.
"The dry cargo market was used to growth approaching 10% for quite a few years on the trot," he was quoted as saying by the Daily Telegraph.
"All of a sudden, you've hit a market that's gone flat. If you've got more ships than there are cargos, then freight rates are going to be weak. It's that simple.""