Subscribe to RSS feedSome see optimism as dry bulk’s 35-day plunge ends
by
Sam Collyer
—
last modified
Aug 05, 2010 09:42 AM
THE GLOBAL dry bulk market last week ended its longest downward plunge in almost 15 years after some capesize rates bottomed out at less than US$5000 a day.
The Baltic Dry Index edged up 20 points to 1720 after a horror 35-day run that saw it almost eclipse the 60% fall in November 1995.
Dry bulk analyst Commodore Research said capesize rates were last week averaging US$12,495 a...
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