Shipping rates slump continues as China steel market slackens

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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 prices.

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,...

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