BDI jumps nearly 27%
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...