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...