Freight costs set to increase

Published: Thursday, 11 February 2010

Dry bulk shipping rates expected to rise on recovering economies restocking

Global steel demand and production is expected rise in 2010, boosting forecasts for seaborne trade in iron ore and coking coal and therefore dry bulk shipping rates.

The Baltic Dry Index (BDI) hit a high of 2722 at the beginning of the week, but eased to 2630 on 10 February...

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