Industrial Minerals


Dry bulk wobbles on Indian iron ore exports

09 June 2011


Shipping rates soften but outlook bullish on India iron exports and coal demand

Shipping rates for transporting dry bulk raw minerals fell slightly this week, but costs were set to rise on the resumption of Indian iron ore exports and coal demand.The Baltic Dry Index (BDI) was down at 1434 on 8 June 2011 compared with 1485 on 1 June 2011. Capesize, Panamax, Supramax, and Handysize were at 1801, 1858, 1369, and 753, respectively.The BDI is...