The Baltic Dry Index (BDI) ended the week at 24 points below its 1986 low, closing at 530 points.
On Monday the Baltic Dry Index (BDI) equalled its all time low of 29 years ago dropping to 554 points. There was a certain sense of inevitability about this news. It was the 13th trading day in a row the index had dropped and it has fallen for 47 out of the last 51 days.
The Baltic Dry Index (BDI) dipped another 5 points on Friday, meaning that a repeat performance on Monday will see it equaling its time low from 29 years ago.