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Baltic Dry Index slipped capesize index extended losses
Source:ChineseHuaFei   Time:2012-12-14   Read:706second  

 Baltic Dry Index fell 3.27 percent to 799 points The index measures the cost of transport of iron ore, cement, grain, coal and fertilizer, and other resources.

        The Baltic's capesize index fell 2.47% to 1407 points, the average daily profit fell 731-6893 U.S. dollars. The capesize usually carrying capacity is 15 million tonnes of cargo, iron ore and coal.
        Capesize index on Wednesday tumbled to about 12.4% by the Atlantic tariffs fell.
        Iron ore prices hit the highest since July, Chinese steel manufacturers to fill the inventory, but weak steel prices may limit the raw material gains.
        Iron ore accounted for about one-third of the Capesize traffic broker said its price trend is still an important factor to affect the dry bulk shipping prices.
        The Baltic's panamax index fell 2.57% of average daily earnings falling 181-6919 U.S. dollars. Usually the type of ship carrying capacity of 6-7 million tons of main cargo is coal or grain.
        The Handymax average daily profit decline in to 14-6542 U.S. dollars. The the Supramax vessels average daily profit decline 27-7795 U.S. dollars.
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