BDI jumps nearly 27%

By
Published: Thursday, 05 December 2013

Week-on-week Baltic Dry Index soars as market scrambles for ships before holidays

By Wayne Yamada

Shipping rates for sea-borne dry bulk jumped nearly 27% this week as the market scrambles to secure ships before the Christmas and New Year holidays.

The market was already very bullish due to the last-minute stockpiling of Indonesian bauxite before the country begins taxing the export of...

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