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Old 01-28-2010, 06:20 AM   #1
tonyotag
Avalon Senior Member
 
Join Date: Sep 2008
Posts: 47
Post Gulf of Aden Baltic Dry Index news

Here is a note on an investment website for the dry Baltic index for shipping through the Gulf of Aden that aaron_mccollum video cited…

1/12/10 (Reuters) Dry bulk ship owners are insisting vessels go via the Cape of Good Hope on voyages from South Africa to Mediterranean ports to avoid pirates in the Gulf of Aden - adding 10 days to shipping times. Utilities in Italy, Greece and Israel which use coal shipped from Indonesia and South Africa are having to pay higher shipping costs for the longer voyages, utility sources said. Around 60 percent of South Africa's 60 million tonnes a year of coal exports goes to Europe.

Please scroll down to find clip above: http://investmenttools.com/futures/b..._dry_index.htm
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