Shipping rates fall on continued Australian flooding, new ships
Published: Thursday, 13 January 2011
Dry bulk rates down with Australia’s ports still shut, ship fleet expansion forecast
Shipping rates for transporting dry bulk industrial minerals
extended losses this week, with the market still unable to
absorb vessels idled from shut ports due to the Australian
flooding, while additional newly built ships were also putting
pressure on rates.
The Baltic Dry Index was 1453 on 12 January 2011,...