Subscribe to RSS feedFreight rate rise predicted
by
Jim Wilson
—
last modified
Jul 30, 2009 05:16 PM
THE COST of shipping commodities such as iron ore, coal and soybeans may almost double through the end of the year, Mirae Asset Securities said.
The Baltic Dry Index may climb as high as 6,000 points this year, almost twice the current level, said Jay Ryu, an analyst for South Korea’s third-largest brokerage.
“It’s encouraging that freight rates are robust, even in a slow...
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