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 Koreas second largest
dry bulk shipper going into...