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Chinese coal import restrictions spell bad news for bulkers

Chinese customs have now slowed the cargo declaration process of Australian coal shipments, resulting in vessel delays and limited vessel inquiries for the route. The consequential freight market crash comes at a time when the BDI is already hovering at around 600 points

The Baltic Dry Index has reached its lowest level in two-and-a-half years and was at 634 points on Monday as fixtures to China dried up

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