Ships Get Bigger and Global Ports Expand, Business and Industry Trends Analysis

Ocean shipping rates are influenced by supply and demand.  In recent years, shipping companies ordered large numbers of new freighters to provide increased capacity.  Unfortunately, just as many of those new ships were being delivered, the Baltic Dry Index of bulk freighter charter rates fell to drastically low levels compared to its all-time high of 11,440 points in June 2008.  (The index is an indicator of the fees that ship owners are able to charge.  Changes can be both rapid and extremely volatile, in response to supply and demand.)  As of February 2016, the Baltic Dry Index saw an all-time…

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