Commodity shipping costs measured by the Baltic Dry Index extended the longest decline in almost five years as a surplus of ships for hire overwhelmed demand. The fleet capacity of vessels for dry bulk commodities, such as iron ore and coal, will expand 16 percent this year, according to estimates from Clarkson Research Services Ltd., part of the world’s biggest shipbroker. China’s imports of coal and iron ore fell in April and May, customs data show.
Green Marine
about 16 years ago
Commodity Shipping Extends Worst Slide in Five Years on Surplus
Commodity shipping costs measured by the Baltic Dry Index extended the longest decline in almost five years as a surplus of ships for hire overwhelmed demand. The fleet capacity of vessels for dry bulk commodities, such as iron ore and coal, will expand 16 percent this year, according to estimates f
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