Baltic Dry Index Signals Renewed Market Collapse

Here is a good commentary on the severe plunge of current BDI. We should consider the supply & demand for cargo fleets around the world.
 http://www.alt-market.com/articles/540-baltic-dry-index-signals-renewed-market-collapse
 And this link shows the latest statistics for worldwide fleets.
http://www.infoline.isl.org/index.php?module=Pagesetter&func=viewpub&tid=1&pid=1
We cannot see a substantial growth for world container, general cargo fleets.
But we can see the World Bulk Market pick up a substantial growth, as I can't find the growth figure about the Capesize (+100000 dwt) which takes over %62 portion of BDI. So, this may be the reason why BDI drop so fast just the end of 2011. I will find more numbers on this.
http://www.infoline.isl.org/index.php?module=Downloads&func=prep_hand_out&lid=692

Updated: there are really a huge number of Capesize bulk dry container built and release to the market.
See the link below:
Baltic Dry Index Swamped by Excess Capacity