the baltic dry index is down 96.4% from its 2008 peak

hellenicshippingnews |  Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Friday, January 08 2016, when the index dropped to 429 points.