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You are here: Home → Archive → 2009 → June → 18 → TRADE AND COMMODITIES

TRADE AND COMMODITIES

by solerm — last modified Jun 19, 2009 03:35 PM

Vale slashes ore price
BRAZILIAN miner Vale has slashed 2009 benchmark iron ore prices by as much as 48.3% for Japanese and South Korean steelmakers.
Economou says dry bulk orders ‘a bloodbath’
UP TO 50% of the dry bulk newbuilding orderbook will be cancelled or suffer delivery delays in the next three years, according to DryShips chairman and chief executive George Economou.
Dry bulk asset values predicted to fall
THE dry bulk market is approaching a false horizon and asset values are set to fall before they strengthen any more, industry experts have warned.
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