Shipping rates soften as steel falls, coal inventories build

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Published: Thursday, 04 November 2010

BDI falls on lower steel prices; new French coal port eyes alternative salt trade

Dry bulk shipping rates slumped this week with lower Chinese steel prices indicating declining appetite for iron ore and coal imports. 

 

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...

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