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The collapse in shipping rates moves to the absurd stage, with Glencore getting paid $2K/day to...

Feb. 06, 2012 11:31 AM ETDiana Shipping Inc. (DSX) StockDRYS, DSX, EGLE, EXM, SEA-OLD, BALT-OLD, GNKBy: Stephen Alpher, SA News Editor
The collapse in shipping rates moves to the absurd stage, with Glencore getting paid $2K/day to hire a vessel. How could this happen? Ships deteriorate rather quickly if not kept seaworthy and moving, making transactions such as this necessary. (previous)

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