The Baltic Dry Index, measure of ship transport costs for materials like iron ore and coal, has fallen by 47 percent since mid-2018, when a trade dispute between the United States and China resulted in the world#39;s two biggest economies slapping import tariffs on each other#39;s goods.Global shipping rates slump in latest sign of economic slowdown
The Baltic Dry Index, measure of ship transport costs for materials like iron ore and coal, has fallen by 47 percent since mid-2018, when a trade dispute between the United States and China resulted in the world#39;s two biggest economies slapping import tariffs on each other#39;s goods.
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