Baltic Dry Index slumps to near two year low on Australian floods
Published: Thursday, 06 January 2011
Shipping rates fall to crisis lows with Australia halting coal, grain exports
The cost of shipping dry bulk minerals dived to a 20 month
low this week, with the worst Australia flooding in over 50
years resulting in cancelled vessel chartering and more ships
being laid idle.
As well as reaching lows last seen during the high of the
financial crisis in...