TORM PLC (TRMD): Baltic Capesize Index (BCI) 3429. The tw...

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Sunday, 04/04/2010 6:24:04 PM

Sunday, April 04, 2010 6:24:04 PM

Baltic Capesize Index (BCI) 3429. The two-week loss in the Baltic dry-bulk shipping rate index for the larger ships was 93 points and below the previously estimated range with a 3500 low. The Capital Link Tanker Index declined 23.62 points, now at 2335.29. The shipping industry is facing serious overcapacity issues that will keep pressuring freight rates.

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