BDI declines on faltering Chinese trade data

Published: Thursday, 20 December 2012

Shipping rates fall as Chinese mineral imports dry up; coal buying still bullish

Dry bulk shipping rates fell further this week after trade data showed Chinese export growth was slower than expected, meaning the country would need to import less raw material in the near-term.

The shipping market also took a knock after iron ore prices rose to levels that made it uneconomical...

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