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The Baltic Exchange’s dry bulk sea freight index continues to collapse, losing another 19.8% this week, after losing nearly 23% last week to its lowes
[See the full post at: Baltic Exchange’s Dry Index Continues to Crash, Down Over 40% in 2 Weeks]Containers are stacking up at the already backed-up Shenzhen port in China as congestion in the U.S. and Europe ripples back to Asia, delaying ships picking up goods from the manufacturing and technology hub. Manufacturers in southern China are currently making a last push to ship out goods before the Lunar New Year holiday which starts next week.
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