Bauxite trade stabilises shipping rates

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Published: Thursday, 21 November 2013

Jump in bauxite exports from Indonesia helps support dry bulk market

By Wayne Yamada

Dry bulk shipping rates remained fairly flat this week, with a boost in bauxite trading helping to support the otherwise level market.

After a near two-week losing streak, the day-on-day Baltic Dry Index (BDI) bounced to 1,527 on 20 November. This was only slightly lower than 1,531 on...

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