Subscribe to RSS feedDry bulk surge queried
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Obsidian
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last modified
Feb 12, 2009 12:00 AM
The surge in dry bulk freight driven by a jump in Chinese iron ore imports could be short lived a report by Macquarie Research warned.
The Baltic Dry Index jumped 14% on Thursday, pushed up by renewed demand for capesize vessels.
The cost of shipping iron ore from Brazil to China has risen from a low US$6.80 per tonne in mid-December to US$21.60 per tonne.
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