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    Shipping and Logistics

    Mid-May Logistics Round-Up

    Written by Sandy Williams


    MID-SHIP continues to report concerns over weak demand in the dry cargo market coupled with over-supply of ships. The drop in shipping to and from China has pushed freight rates to their lowest levels since the mid 1980s according to the May 12 MID-SHIP Report.

    The Baltic Dry Index (BDI) was at a low of 509 on February 18, 2015 and posted 589 as of May 12, 2015. The BDI, which tracks dry-bulk rates based on vessel size and shipping route and is a used as a benchmark for overall trade volume, is down 40.02 percent from a year ago.

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