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...

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