Subscribe to RSS feedBooming Chinese demand fuels bulk trade surge
Coal and iron ore seaborne trade hit 460m tonnes in the second quarter of 2009, the fifth highest volume recorded since 2004 and up from 419m tonnes the previous quarter.
Coal still king (Photo: Port Kembla Coal Terminal)
Market analysts Simpson, Spence & Young partly attributed the rise to booming Chinese demand and port congestion.
Tonne miles also accelerated as rising commodities volumes from Brazil saw more capesize vessels ballast from China to reload iron ore from South America...
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