Cost of shipping softens, but may have bottomed out
Published: Friday, 21 January 2011
BDI falls again, but strong raw material demand suggests potential uptick
shipping rates fell again this week as the Australian floods
and new ships adding to fleet capacity were still putting
pressure on prices, but some analysts believe that rates may
have bottomed out and could be set to rise soon.
The Baltic Dry Index (BDI) was 1411...