baltic dry falls 42% over 23 consecutive days, page-35

I think its simple supply and demand - of ships.

Read the report:

http://247wallst.com/2010/07/12/does-the-baltic-dry-index-really-indicate-anything/

I heard that there is 1,200 odd new ships available to carry dry goods this year and the market itself is only expanding by 800 new ships worth.

more ships = lower prices = lower BDI.

Really has nothing to do with global demand at this stage.