No end in sight for dry bulk shipping rates slump

Published: Thursday, 27 January 2011

Baltic Dry Index slides on more Australian storms, high Chinese iron ore stocks

The cost of transporting dry bulk industrial minerals slid again this week, reaching lows not seen since 2009.

A number of factors were pulling down rates, including a forecast for a worse-than-usual Australian cyclone season, high Chinese iron ore stocks, and South Korea’s second largest dry bulk shipper going into...

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