Dry bulk rates climb on Indian iron ore rush
Published: Thursday, 10 March 2011
Shipping rates up as Chinese steel mills restock before Indian tax, forecasters bullish
Shipping rates for dry bulk raw materials continued climbing
this week, on Chinese steel mills rushing in to buy iron ore
before India imposes an export tax and on bullish forecasts for
raw materials for the next few years.
The Baltic Dry Index (BDI) was up at 1472 on 9...