Subscribe to RSS feedCapesize fleet tied up
by
Jim Wilson
—
last modified
Jun 25, 2009 04:19 PM
CONGESTION at China’s iron ore ports has hit a new high, with 87 capesize bulk carriers at anchor waiting to discharge cargoes, according to Simpson Spence & Young.
At the five main Chinese iron ore ports of Beilun, Rizhao, Qingdao, Caofeidian and Xingang terminal at Tianjin, queuing times are estimated to average just over 14 days, SSY research director Derek Langston said. In some cases, though, ships can...
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