Shipping rates follows iron ore down
Published: Thursday, 03 November 2011
Dry bulk market slumps as spot iron ore prices goes into free fall
Dry bulk rates for shipping industrial minerals slumped this
week after China failed to start iron ore buying after the
traditional late summer lull.
The Baltic Dry Index (BDI) was down over 10% at 1859 on 2
November versus 2145 on 26 October. Capesize, Panamax,
Supramax, and Handysize were...