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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...

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