Baltic Dry Index slips lower again
Published: Thursday, 23 February 2012
Shipping rates fall on lower global steel and bearish China coal outlook
Dry bulk shipping rates fell again this week on lower global
steel production and bearish Chinese coal outlook.
Desperate ship owners were also starting to charter vessels at
lower levels, meaning rate may remain suppressed as this
becomes the new norm.
The Baltic Dry Index (BDI) was 704...