China's Demand Pushes Up Freight Rates
From the Reuters Article
The Baltic index for large cape-sized vessels <.BACI>, used mainly for transporting iron ore and coal
rose 33.9 percent to 8,513 in the past two weeks
The Baltic Exchange requires a pricy subscription to access their charts, but InvestmentTools.com has some of the information. The bottom line - the last five years have seen a QUADRUPLING of dry freight rates.
The Baltic index for large cape-sized vessels <.BACI>, used mainly for transporting iron ore and coal
rose 33.9 percent to 8,513 in the past two weeks
The Baltic Exchange requires a pricy subscription to access their charts, but InvestmentTools.com has some of the information. The bottom line - the last five years have seen a QUADRUPLING of dry freight rates.
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