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Oversupply of ships and China slowdown send freight shipping prices to an all-time low

But Baltic Dry Index has lost its edge and is now considered a poor guide to the overall health of the global economy
Monday, February 23, 2015 - 05:50
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Freight shipping prices have plummeted to a historic low, fuelled by a long-standing problem of too many ships and lower demand from China, but experts cautioned against seeing it as a warning on the global economy.

London

FREIGHT shipping prices have plummeted to a historic low, fuelled by a long-standing problem of too many ships and lower demand from China, but experts cautioned against seeing it as a warning on the global economy.

The Baltic Dry Index (BDI) - which tracks the cost of