With Baltic Dry Index hitting record lows, freight prices have collapsed. I do not know how the shipping companies are making money or will make more money in the near future. We are in turbulent times Guys !
One of my friends is in exim business of Aggro-commodities and has revealed that over last 6-8 months, the freight rates are decreasing. It used to take a few weeks to load the shipments because of congested ports and availability of ships/containers. Now, the situation is different. He said he has never seen so low freight rates in last 10 years. Well, this may not be generalized, but thought to share it with our group.
Discl : Not invested.