Subscribe to RSS feedBulk market lifting amid record Chinese congestion
by
Michelle Wiese Bockmann - Lloyd's List
—
last modified
Jun 15, 2009 12:24 PM
The Baltic Dry Index continued its upward trend last week as confidence returned to the paper market while China's port congestion worsened.
The queue of 84 capesize bulkers off Chinese ports is almost a tenth of the global fleet of 850.
Each vessel is waiting about 10 days to unload.
This helped the index climb a further 2.9% to 3583 points last week as...
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