The cost of shipping dry bulk minerals fell this week on high Chinese iron ore levels, less Indian raw material trading because of the monsoon season, and less Japanese coal buying.
The Baltic Dry Index (BDI) was down to 1405 on 15 June 2011 compared with 1434 on the 8
June. Capesize, Panamax, Supramax, and Handysize were at 1716, 1978, 1324, and 734 respectively.
Pulling rate down was a build up in Chinese iron ore inventories which...