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The Baltic Dry Index dives again, off 2.6% to 662, the lowest reading in more than 25 years....

The Baltic Dry Index dives again, off 2.6% to 662, the lowest reading in more than 25 years. Rates for Capesizes - the largest carriers of iron ore and coal - have plunged 84% in just 7 weeks, and owners are idling vessels instead of accepting the low price. In the meantime ships continue to be built even as Asian demand for raw materials slows.
Comments (2)
  • Canary Cash
    , contributor
    Comments (471) | Send Message
     
    nothing to see here, go buy CMG
    1 Feb 2012, 01:03 PM Reply Like
  • The_Hammer
    , contributor
    Comments (3810) | Send Message
     
    MORONS run the shipping industry (shipping investors need to cleanhouse) along with the greedy banksters using OPM for loans.
    1 Feb 2012, 06:40 PM Reply Like
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