Shipping rates hit yearly high
Published: Thursday, 19 November 2009
BDI hits 2009 high as China stocks up on winter coal and starts iron ore talks
Shipping rates for dry bulk hit a yearly high this week, as China started importing more coal for the winter demand, and iron ore contract talks look like resuming for 2010.
The Baltic Dry Index (BDI) hit 4643 on 18 November '09, a new 2009 high. Capesize, Panamax, Supramax, and...