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Wednesday, December 22, 2010

Baltic Dry Index (BDI) - 1955

Quote:

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over four months on Monday as weaker activity on the smaller panamaxes weighed on sentiment. The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal as well as fertiliser, fell 2.2 per cent, or 44 points, to 1,955 points in a tenth straight drop - falling to its lowest since July 29.

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