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...

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