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