23
Dec
00:00
Bulk freight rates set for another weak year
The Baltic Dry Index (BDI), a measure of international bulk freight costs, has fallen around 20% in just a couple of weeks and is down 40% year-on-year to below 800. The fall is caused by an oversupply of shipping, amid weaker than expected demand and there is unlikely to be any improvement in 2015, according to Chinese analysts.
A global decline in most commodity prices and a fall in volumes of key materials such as coal shipments to China have undermined t…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous