October 14, 2020
The onset of the coronavirus pandemic in the first half of the year resulted in a steep decline in global trade as economies came to a literal standstill leading to a commensurate drop in the Baltic Dry Index (BDI). With the gradual return of economic activities in 2Q2020 and boosted by a remarkable turnaround in China, the Baltic Dry Index (BDI) has peaked over 2,000 points in October, rebounding to September 2019 levels, having recovered…