Shipping Crisis

Global Trade ‘Worse Than 2008 Crisis’: Influx Of Ships Being Parked As Baltic Dry Index At All-Time Low

As the Baltic Dry Index (BDI) continues to crash to new record lows, an influx of ships are being parked at ports around the globe, thus threatening global trade in a crisis “worse than in 2008”. The global shipping index and industry has come under tremendous pressure as the price of oil continues to crash amid a global glut and … Continue reading →