Subscribe to RSS feedDI could jump 15% in 2010
by
Jim Wilson
—
last modified
Dec 18, 2009 11:16 AM
THE BALTIC Dry Index, the main measure of commodity shipping costs, may jump 15% next year, aided by a recovering global economy, according to STX Pan Ocean.
The gauge may climb to an average of 3,000 in 2010 from about 2,600 this year as volumes expands, led by China, said Lee Sang Jae, head of strategic planning at STX.
The index has more than quadrupled since the...
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