Shipping rates soften from peak
Published: Tuesday, 24 November 2009
Global dry bulk rates fizzle out from 2009 highs but the BDI remains above 4000
Global shipping rates eased off from last week's yearly high as the market adjusting to China's seasonal winter demand and reacted to indications that iron ore shipments were falling.
The Baltic Dry Index (BDI) was 4423 on 23 November 2009, compared with a 2009 high of 4661 on 19...