In February 2016, the Baltic Dry Index, which measures global prices for the shipping of bulk commodities, hit a low of 290 points after coming under pressure from that year’s seasonal lull during the Chinese lunar new year celebrations, which brings much shipping activity around China to a halt. Chinese pollution controls, however, are helping to support demand for Capesizes, the largest bulk carriers, which are used to transport iron ore, Malpas said. [...]in July 2017 the International Maritime Organisation pushed back the requirement for ships to comply with new ballast water management rules.
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