Independent journal on economy and transport policy
01:41 GMT+2
Freight rates plunge to 11-year low on Asia woes
(Shipping Times)
August 10, 1998
Baltic Freight Index slumped on Friday to 792, the lowest since January 1987
[LONDON]
Global shipping rates fell to their lowest level in over 11 years amid sagging demand for commodities in Asia where an economic slowdown is hurting consumption.
The Baltic Freight Index, the benchmark indicator of the costs of dry bulk cargo freight, settled on Friday at ...... Read more on Shipping Times
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