Subscribe to RSS feedCapesize rates plummet despite Vale fixture flurry
by
Keith Wallis
—
last modified
Jul 13, 2009 12:17 PM
The long-anticipated drop in the capesize market has begun after rates fell dramatically following weeks of buoyant prices.
Brokers concluded that the capesize sector was over-tonnaged, with a flurry of fixtures from Brazilian iron ore producer Vale actually pushing down rates, they said.
“The rot in capesize rates has started and the best market this year is over,”...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
