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Shipping rates collapse on 'fiscal cliff' threat

Published: Thursday, 13 December 2012

BDI hits eight month low as US uncertainty and poor Chinese economic data arise

By Wayne Yamada

Shipping rates of dry bulk industrial minerals collapsed this week after US economic uncertainty took a turn for the worst and fears mounted that the Chinese economy may also falter.

The Baltic Dry Index (BDI) fell to an eight month low at 826 on 12 December compared with...

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