Shipping rates for dry-bulk commodities such as coal and iron ore fell for a third week, reaching their lowest in almost 11 months amid rising tonnage supplies. The Baltic Dry Index, which measures the cost of chartering different-size vessels on worldwide trading routes, declined for a 11th straight session, dropping 66 points, or 1.8 percent, to 3430, according to the Baltic Exchange in London. That’s the lowest since July 6.
Green Marine
about 21 years ago
Shipping Rates for Coal, Iron Ore Fall to Lowest in 11 Months
Shipping rates for dry-bulk commodities such as coal and iron ore fell for a third week, reaching their lowest in almost 11 months amid rising tonnage supplies. The Baltic Dry Index, which measures the cost of chartering different-size vessels on worldwide trading routes, declined for a 11th straigh
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