The Baltic Dry Index (BDI) dipped another 5 points on Friday, meaning that a repeat performance on Monday will see it equaling its time low from 29 years ago.

The BDI fell to 559 points on Friday the 12th  trading day in row the index has fallen having stood at 770 points on 21 January.

If the current trend continues the BDI will drop 554 points or even lower, which was its all time low on 6 August 1985.