Baltic Dry Index Exposed, Down 43% From June Highs (Chart)

Perhaps the reason why the $BDI is down 43% since June? When is the next inventory rebuild?

Read ZeroHedge post for more info and pics.. and for updated pics

1) Thousands Of Rusting Ship Hulls Are A Fitting Tribute To The Speculative Market Bubble (Zero Hedge)

2) Revealed: The ghost fleet of the recession anchored just east of Singapore (DailyMail)

3) Baltic index drifts lower, cargo enquiry light (Reuters India)

4) Shipping Rates Seen Falling 50% on China, Fleet Size (Bloomberg, Aug 31)