The BDI closed at 590 points on Monday have shed 2.96% from its Friday close of 608 points.
If the level of decline continues at its current rate it could hit an all time low by Friday 6 February Dimitris Belbas, managing director, head of ship finance noted at Mare Forum Singapore 2015 on Tuesday.
The all time low of the BDI was hit 29 years ago on 6 August when it dropped to 554 points. The Index would only need to shed another 36 points from yesterday's close to drop to this level.
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