While officials have begun pushing for negative interest rates, shipping rates took the plunge into negative first, with reports out today that Glencore has made a deal with GMI contributing $2,000/day to Glencore's fuel costs!!!
- GLENCORE HIRES SHIP AT MINUS $2,000 A DAY, GMI SAYS
- GMI TO CONTRIBUTE $2,000 A DAY TO GLENCORE'S FUEL COSTS
- GLOBAL MARITIME'S U.K. MD STEVE RODLEY CONFIRMS DEAL BY PHONE
Meanwhile, the Baltic Dry Index continued its plunge today,
down another .614% to 647.
-0.614%
VALUE: 647.000 USD
