Tag: Baltic index hits 15 Month low
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India: Dry bulk iron ore freights slump as Baltic index hits 15-month low
Decline in bunker prices put pressure on freights Low cargo availability, soft demand impact rates Dry bulk iron ore freights headed south this week amid a slowdown in iron ore demand, driven by colder weather in northern China, which disrupted construction activities and curtailed steel production. This is evidenced by consecutive w-o-w declines in daily…