Industrial Minerals


Shipping wobbles on Greek woes

18 February 2010


World economies impact shipping as crisis grips Greece, China stops spending

Shipping rates fluctuated this week, after a turbulent period in European and Asian economies cast doubt on the strength of the world’s recovery from recession.The Baltic Dry Index (BDI) was 2661 on 17 February 2010, compared to 2630 on 10 February.Capesize, Panamax, Supramax, and Handysize were 3523, 3080, 2029, and 1030, respectively.Most recently, confidence fell in Europe as Greece was revealed to have huge public debt, which caused the euro to fall and European stocks to come crashing down.Greece has...