Shipping rates slump continues as China steel market slackens
Published: Thursday, 18 November 2010
Freight falls on lower demand forecasts and price dip; flat end of year expected
The cost of shipping dry bulk extended losses this week on
lower Chinese iron ore demand forecasts and falling steel
The Baltic Dry Index (BDI) slid to 2188 on 17 November '10
compared with 2454 on 10 November 10. Capesize, Panamax,
Supramax, and Handysize were at 3492, 2122, 1457,...