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...