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...