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Dry bulk freight market lifts on capesize advance

30 August 2013, Published under Cement News

The dry bulk freight market appears to be picking up as capesize vessels are reported to leading the uplift. The Baltic Dry Index has started to show some improvement although it slipped slightly from 1156 to 1146 in the week ended 28 August 2013. However, progress in other market segments has been more muted. Strong iron imports into the China are bolstering the capesize market as the commodity is responsible for around one-third of capesize shipments and China represents two-thirds of t...