Subscribe to RSS feedMini boom shunts capesizes rates to US$109,000
The capesize market this week experienced a two-day boom which saw rates reach levels not seen since the Lehman Brothers collapse marked the start of the global financial crisis.
Capesize boom: The 203,000 dwt Baosteel Expedition loads at Dampier (Photo: Southern Cross Maritime)
Capesize ships have been fixed to take iron ore from the Pilbara to China at rates not seen in more than 14 months.
However, debate has re-emerged among "nonplussed" owners about the role the paper market has played in this week’s...
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