You are here

Commodity carriers face an even more painful year ahead

Only the fittest seen surviving the worsening storm of weak demand, overcapacity

The Baltic Exchange's main sea freight index for ships carrying dry bulk commodities plunged to an all-time low this month.


SHIPPING companies that transport commodities such as coal, iron ore and grain face a painful year ahead, with only the strongest expected to weather a deepening crisis caused by tepid demand and a surplus of vessels for hire.

The predicament facing firms that ship