Dry bulk shipping rates sink

By
Published: Thursday, 04 February 2010

Freight costs slide on declining Chinese winter coal demand; iron ore price talks

Freight rates for shipping dry bulk materials slumped this week due to a decrease in Chinese coal demand and ongoing uncertainty in 2010 iron ore contract talks between Chinese steel mills and global miners.

 

The Baltic Dry Index (BDI) was 2673 on 3 February 2009, compared with 2963 last...

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