Shipping rates soften as steel falls, coal inventories build
Published: Thursday, 04 November 2010
BDI falls on lower steel prices; new French coal port eyes alternative salt trade
shipping rates slumped this week with lower Chinese steel
prices indicating declining appetite for iron ore and coal
Meanwhile, warmer European weather was reducing the need for
electricity for heating, which resulted in less thermal coal
demand for power generation. This in turn has made...