Baltic Dry Index begin to falter
Published: Thursday, 05 April 2012
Dry bulk shipping rates soften after month long rally on bad economic data
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...