Year

BDI

Year

BDI

2010

$4200

2011

$~2000

2012 (*)

$~1,000

647 units = collapse of the index (**)

2015 end

504 units

2016 (April); We reckon 2016 to be the end of the 2009 depression (which lasted 8 years).

500 units (lowest)

2017 May

994 units

2018

1,109 units

(*) A gloomy year with record deliveries, dismal earnings and record scrapping

(**) Though seaborne trade increased by ~4% in 2011 and ~6% in 2012