The dry bulk market has been on a freefall for 14 straight sessions, managing – yet again – to negate the gains it had recorded during the final weeks of May. As a result the industry’s main benchmark, the Baltic Dry Index ended yesterday at 2,893, retreating lower than the 3,000-point mark. This development comes to prove those analysts who had warned about an increased volatility of the index during 2010, straight off the heels of 2009.
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about 16 years ago
Dry bulk freight rates on a freefall
The dry bulk market has been on a freefall for 14 straight sessions, managing – yet again – to negate the gains it had recorded during the final weeks of May. As a result the industry’s main benchmark, the Baltic Dry Index ended yesterday at 2,893, retreating lower than the 3,000-point mark. This de
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