7 ms·

Well, and they climbed 60% last year, so we're back to 'normal'. See the Baltic Dry Index [1]. [1]: https://tradingeconomics.com/commodity/baltic https://tradi

• wcoenen 4y ago
  Interesting how that index had a massive spike and crash in 2008. As if the global economy seriously overextended itself and then faltered. I hadn't realized how much activity in the real world was linked to the financial excesses that were going on before the debt crisis.
• tempestn 4y ago
  Just a nitpick: if something climbs by 60% and then falls by 60%, it hasn't returned to the original level, but to 1.6 * 0.4 = 64% of the original. (Rates rose more than 60% in 2021, as your chart shows. As well as showing how much information is lost when just considering the annual change!)