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Home›News›Capesize rates rising on the back of stronger iron ore demand
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April 27, 2010 · about 16 years ago

Capesize rates rising on the back of stronger iron ore demand

Another slight rise, another testament of lowered volatility was the case during yesterday’s session of the Baltic Dry Index (BDI), with the industry’s benchmark for tracking the cost of delivering dry bulk cargoes via sea carriers, ending at 3,020 points. Still, the market isn’t quite yet in the cl

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Another slight rise, another testament of lowered volatility was the case during yesterday’s session of the Baltic Dry Index (BDI), with the industry’s benchmark for tracking the cost of delivering dry bulk cargoes via sea carriers, ending at 3,020 points. Still, the market isn’t quite yet in the clear, as uncertainty over iron ore demand due to ongoing contract price talks still affected freight rates.

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