Subscribe to RSS feedReduced China ore imports bring third-quarter rate fall
by
Michelle Wiese Bockmann, London
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last modified
Jul 23, 2009 04:37 PM
CHINA’S “shock and ore” fiscal stimulus package boosted freight rates in the first six months of 2009, but two new reports forecast average bulk carrier rates to fall in the third quarter.
Maersk Brokers’ quarterly outlook warned that freight rates would drop, especially if China’s enormous appetite for iron ore suddenly diminished.
Rates for capesize and panamax bulk carriers have surged this year on the back of record iron ore and...
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