New builds keep Baltic Dry Index suppressed

Published: Thursday, 16 February 2012

Rates firms slightly on low iron ore stocks, but new vessels weigh on market

Shipping rates for transporting dry bulk minerals climbed slightly this week on low iron ore inventories, but an influx of new vessels still weighed on the market.

The Baltic Dry Index (BDI) was 731 on 15 February compared with 676 on 8 February.  Capesize, Panamax, Supramax and Handysize were 1466,...

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