London, March 17, according to news, Baltic Exchange dry bulk shipping freight index fell for a fourth day on Thursday, as Japan's earthquake continue weighing on sentiment.
        Baltic Dry Index fell 0.33% or 5 points to 1533 points. Decline in the week before the 11th consecutive rise in the index. The index measures the iron ore, cement, grain, coal and transportation costs of fertilizers and other resources.
        Japan is the iron ore and coal and other dry bulk commodities, the main importing countries.
        Dry bulk cargo brokerage firm ICAP Shipping Research Director Georgi Slavov said: "At present the impact of Japan's shipping major is psychological."
        Baltic Capesize Shipping price index (Baltics capesize index) fell 2.41% on Thursday, the average daily decline in profit for the fourth consecutive day, down to $ 9,430. Capesize vessels are usually checked the amount is 15 million tons, mainly iron ore and coal cargoes.
        Australia's recent floods and hurricanes, and coal production have been damaged, and many manufacturers have announced force majeure, which Capesize vessel freight damage and increased shipping activities and market disruptions.
        ICAP's Slavov said: "tonnage continues to increase, mainly due to the lack of shipments from Australia, which hurt the market."
        Transport ship brokers and analysts said the next dry bulk shipping is likely to rise again due to storage of coal power plants and Japanese steel companies to import more iron ore to increase the damage output.
        Up before the end of the 2, the Baltic Dry Freight Index has declined four consecutive days, and the two-year low hit in February. Baltic Panamax freight index (Baltics panamax index) fell 0.19%, the average daily profit fell slightly to $ 16,950. Usually this type of ship carrying capacity of 6-7 million tons, the main cargo of coal and grain. (Jones)