Subscribe to RSS feedRevival of Brazil iron ore cargoes lifts bulk hopes
by
Obsidian
—
last modified
Feb 26, 2009 12:00 AM
European steel mills are booking capesize vessels to ship iron ore from Brazil for the first time since October, brokers have reported, boosting hopes of a sustained recovery in bulk carrier freight rates.
ArcelorMittal was among those mills that last week began to quietly nominate cargoes to be loaded from Brazil in March and April.
These are the first cargoes to be transported that we have seen for some time, a London-based...
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