Shipping rates slump

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Published: Thursday, 24 December 2009

Baltic Dry Index falls as China's central bank eyes tighter lending for steel makers

Shipping rates for dry bulk materials fell again this week after China's decision to restrict lending to steel producers, which could have a knock on effect of lowering iron ore and coal imports.

The Baltic Dry Index (BDI) fell to 3023 on 23 December 2009, compared with 3376 a week...

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