Dry bulk shipping companies’ shares slump after Baltic Exchange’s main sea freight index fall to all-time low The index, which gauges the cost of shipping dry bulk cargoes including iron ore, cement, grain, coal and fertilizer, slump to below 400 points for the first time More gloom is forecast for the bulker market over the short-term. Concerns over the state of China’s economy are key,” consultants MSI said, adding the sector was in a “critical state” Day rates are low and so companies, including Scorpio, are not making sufficient cash flow to cover their costs, says Stifel Nicolaus & Co Inc analyst Benjamin Nolan Scorpio Bulkers Inc down 19.8 pct, Diana Shipping Inc 11.2 pct, Safe Bulkers Inc 8.7 pct