Dry bulk rates fall on lower Chinese iron ore

Published: Thursday, 11 November 2010

Shipping slips on declining Chinese demand but propped by bullish coal market

Shipping rates indicative for transporting dry bulk carried on sliding this week, falling in line with declining Chinese iron ore demand.

However, losses were limited on bullish coal demand with more Asian sales expected with consultants and financial organisations agreeing demand would grow.

The Baltic Dry Index (BDI) was down...

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