The BDI has been steadily losing ground since peaking at 935 in early March.
Freight rates have retreated across the capesize, panamax and handysize range for commodities that include iron ore, coal and grain.
The BDI is at just 801 today, although bulker owners may get some succour from the fact that it is well above the 700 level of the start of 2013.
Despite
