The freight index that tracks the cost of shipping dry bulk cargo continued its losing streak this week to reach a new one year low.
Declines were led by tightening Chinese demand of imported iron ore, although some analysts believe the slump in shipping rates do not reflect less demand for metals and minerals.
The Baltic Dry Index (BDI) was 2018 on 7 July 2010 compared with 2406 on 30 June 2010. Capesize, Panamax,...