Shipping rates for transporting dry bulk industrial minerals were firm this week, despite a huge fall in iron ore prices.
Chinese demand for iron ore – the largest component of the dry bulk shipping market – slumped over the past few days which could signal more vessel availability for other raw materials and driving rates down.
The Baltic Dry Index (BDI) was at 2145 on 26 October compared with 2140 on 19 October. Capesize, Panamax, Supramax, and Handysize were at 3612, 1961, 1571, and 815,...