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    iron investing

    Iron Ore Ship Rents Climb on Port Congestion, Japan Steel Demand

    Investing News Network
    Sep. 21, 2011 01:42PM PST
    Base Metals Investing

    Bloomberg reported returns for capesize ships that haul iron ore and coal advanced for a second session, with increased demand from Japan.

    Bloomberg reported returns for capesize ships that haul iron ore and coal advanced for a second session, with increased demand from Japan.

    The market news is quoted as saying,

    Daily rents increased 3.3 percent to $25,087, according to the Baltic Exchange, a London-based provider of freight costs on 29 dry-bulk routes. The Baltic Dry Index, a broader measure of commodity shipping costs, gained 0.9 percent to 1,811.

    For the complete market news, click here.

    iron investingbaltic dry index
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