Now 680!
Article from the IHT:
http://www.ilghirlandaio.com/ftp/telpress/2012012701974403970.PDF
It seems largely to be a glut of new shipping causing the fall, although the IHT expresses alarm at the slow rate of construction in China at the moment.
Note also that they say that European banks may have to take a $100bn loss on shipping loans, more than their Greek exposure.
