Baltic Dry Index crashes to 25-year lows
Published: Thursday, 02 February 2012
Further falls mean charter rates drop below operating costs; China bans Valemaxes
The post Chinese New Year rebound failed to materialise this
week, sending shipping costs for dry bulk minerals down to past
25-year lows, with charter rates falling below operational
costs for some vessels.
China also banned Vale's new fleet of jumbo dry bulk
carriers from entering its ports,...