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by
Obsidian
—
last modified
Apr 02, 2009 12:00 AM
BDI could fall 40%
The Baltic Dry Index (BDI) may drop as much as 40% by mid-2009 as weak steel demand and falling grain shipments exacerbate a seasonal decline, KGI Securities said.
The index of commodity-shipping costs has shed 25% in three consecutive...
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