Shipping rates edge up but lacks momentum
Published: Thursday, 12 April 2012
Mixed market news keeps BDI flat with high harvest yields balancing soft iron ore
The cost of shipping dry bulk
industrial minerals rose slightly this week, but without much
momentum with the Easter holidays reducing activity.
The shipping market was mixed with
forecasts for a decent harvest offset by directionless Chinese
iron ore demand.
The Baltic Dry Index (BDI) was 944 on 11 April...