Baltic Dry Index expected to rise in 2013

Published: Thursday, 06 December 2012

Shipping rates to increase next year, driven by resurgence in Chinese mineral demand

By Wayne Yamada

Shipping rates for dry bulk minerals are expected to rise in 2013, driven by a rebound in Chinese mineral consumption.

“When we look into 2013, the fundamentals of the dry bulk segment are improving on both supply and demand side variables,” according to Denmark-headquartered shipping association BIMCO....

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