We haven't heard much about the Baltic Dry Index (BDI) recently, but since peaking in mid-October, it has absolutely collapsed. From Investopedia.com, the BDI "measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea. The Baltic Exchange directly contacts shipping brokers to assess price levels for a given route, product to transport and time to delivery."
As shown below, the Baltic Dry Index has fallen 43% in the last month alone and 49% over the last three months.
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