Cost of shipping softens, but may have bottomed out

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Published: Friday, 21 January 2011

BDI falls again, but strong raw material demand suggests potential uptick

Dry bulk 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...

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