The cost of shipping dry bulk minerals fell again this week on further uncertainty in Chinese and Japanese iron ore demand and slumping prices.
The Baltic Dry Index (BDI) was 1809 on 28 November compared with 1830 on 23 November. Capesize, Panamax, Supramax and Handysize were 3083, 1770, 1378, and 635, respectively.
Pulling the BDI down, lean steel demand from top consumer China. Spot iron ore prices fell nearly 5% over the past week to $140.40/tonne, Steel Index data...