BALTIC DRY INDEX
AS OF 08:03 EDT
ON CLOSING, NOV 22
These are nervous times for iron ore producers. 797 more words
The collapse in global rates for shipping commodities from the world’s mines to mills and utilities will persist until at least 2020 on a glut of vessels and stalling cargo growth, according to Goldman Sachs Group Inc. 478 more words
More volume dooms commodity shipping sector recovery.
LONDON—Brazil’s Vale SA, the world’s biggest iron producer, is in talks with Chinese shipbuilders and leasing companies to build around 50 giant bulk carriers that would move iron ore from Brazil to China, two people with direct knowledge of the matter said Wednesday. 543 more words
I want to recommend a new article on Seeking Alpha – the analysis shows our continuing belief this is a sector to watch NOT purchase. 176 more words