Shipping rates soften before seasonal holidays

Published: Friday, 20 December 2013

Baltic Dry Index falls with shippers wrapping up for the Christmas and New Year holidays

By Wayne Yamada

Shipping rates for transporting dry bulk industrial minerals softened this week as the market began to wrap up business before the Christmas and New Year holiday season.

Rates could rise again early in 2014 after Australia upped its forecast for iron ore exports.

The Baltic Dry Index...

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