27.11.2008 - Shipping costs plunge to 22-year low
From FT: The cost of shipping dry bulk commodities such as iron ore, coal and grains plunged to a near 22-year low on Wednesday, as worldwide demand for raw materials continued to decline. The Baltic Dry Index, a global benchmark, fell 5.1 per cent to 762 points, the lowest level since January 1987. The index has tumbled 93.5 per cent since reaching an all-time high of 11,793 points in May..... Full Article: Source