The Baltic Dry Index pulls out of its death spiral to show a 1.9% gain. The move has all the...

|By:, SA News Editor

The Baltic Dry Index pulls out of its death spiral to show a 1.9% gain. The move has all the earmarks of a dead cat bounce - instead of a confirmed market bottom - with shippers still willing to accept unprofitable charters due to an industry-wide oversupply of ships and weak demand.