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...