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,...