The Baltic Dry Index (BDI) has fallen beneath 1,000 points and is flirting with levels not seen since the depressed markets of early 2020.
The index, which indicates the overall strength of bulker spot markets, fell by 52 points to 965 on Wednesday.
The BDI has not been at levels below 1,000 since June 2020, a time when dry markets had slowed significantly during the first wave of the Covid-19 pandemic.
