Baltic Index Plunges - Shortages on the Way

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Baltic Dry Plunges 4.5%, At Lowest Level Since 2009

When we noted last night that there was a Baltic fat finger index, we thought we were joking. Appears not. The BDIY has plunged by 4.5% overnight from 1,773 to 1,693, easily the biggest one day drop in a long time. And, more importantly, the index has just taken out the 2010 lows hit on July 15, when the BDIY last traded at 1,700..."

See:
http://www.zerohedge.com/article/baltic-dry-plunges-45-lowest-level-2009


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