Wednesday, May 07, 2008


Baltic Dry Index Exceeds 10,000 for First Time Since December
``The market is very, very close to equilibrium in terms of demand and supply,'' said Alex Gray, London-based chief executive officer of Clarkson Securities Ltd., a unit of the world's biggest shipbroker. ``What we are seeing at the moment is a building up of pressure around iron-ore shipments and grains.''

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