Subscribe to RSS feedBaltic trial rate aims at paper trades
by
Julian Macqueen and Michelle Wiese Bockmann, London
—
last modified
Mar 29, 2010 01:15 PM
THE BALTIC Exchange has moved to boost its relevance to the fledgling iron ore swaps market, trialling a new voyage rate assessment on a key iron ore shipping route from India to China.
Since the start of last week, a dollar-per-tonne rate has been derived from the supramax average time charter rate to ship iron ore from east-coast India.
This index was only developed in mid-2007, reflecting the rapidly evolving shipping landscape for...
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