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Sunday, 03/21/2010 7:50:30 PM

Sunday, March 21, 2010 7:50:30 PM

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Baltic Capesize Index (BCI) 3522. The two-week loss in the Baltic dry-bulk shipping rate index for the larger ships was 401 points and now appears to be in a range between 3500 and 4000. The Capital Link Tanker Index improved 48.54 points, now at 2358.91 as VLCC rates increased substantially on selected routes gaining as much as 73%. It is now well known that the shipping industry is facing serious overcapacity issues that will keep freight rates from rising in the near term. Since shipping is an important component of the Greek economy, the inability to raise freight rates above operating costs is not helpful.

http://www.ivolatility.com/roller/page/trader?entry=volume_10_issue_11_br

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