The Baltic Exchange Dry Index (BDI), a bellwether for global dry bulk shipping, on Nov 17 fell to a low of 2,430 points — its lowest level in five months, on the back of easing port congestion in China, the ongoing steel production restrictions in China and weaker iron ore and coal shipments. This represents …
The post Volatility to continue, but market players see dry bulk freight rates staying high first appeared on Hellenic Shipping News Worldwide.