Dry bulk shipping rates for transporting minerals were flat this week after a double whammy of bearish economic news from the US and eurozone.
Even the prospect of China beating its own growth targets could not lift the shipping market, with pessimism setting in.
The Baltic Dry Index (BDI) was 926 on 4 April, little changed from 922 on 28 March. Capesize, Panamax, Supramax, and Handymax were 1475, 1043, 965, and 552 respectively.
Dragging the BDI down, as well as most stock and commodities markets, was news that the US Federal...