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...