Shipping rates up nearly 10%
Published: Thursday, 05 November 2009
Asian manufacturing pulls rates up but China worries about overstocked iron ore
Global shipping rates for transporting dry bulk rose by nearly 10% over the past week, after major Asian economies registering expanded manufacturing activities this month, although China has also warned of dangerously overstocking of iron ore.
The Baltic Dry Index (BDI) fetched 3295 on 4 November '09, compared with...