"In reply to the comments re Baltic Dry Index my understanding is that the drop is misleading because a number of very large new ships have recently become available.

"May I wish you and all at Fullermoney a very happy Christmas and a happy prosperous and healthy new year?"

Eoin Treacy's view Thank you for this additional follow up to the Baltic Dry Index question posted yesterday. It makes perfect sense that as the supply of ships increases without a commensurate surge in demand that shipping prices will remain under pressure.