Baltic Dry Index crashes to 25-year lows

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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,...

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