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You are here: Home → Archive → 2009 → October → Weekly Edition 1st of October 2009 → Congestion drop-off sends rates falling

Congestion drop-off sends rates falling

by Liz McCarthy, London — last modified Oct 02, 2009 10:13 AM

CAPESIZE congestion levels have fallen to just 10% of the 900-strong fleet as Chinese iron ore imports fall and newbuilding deliveries add to the number of ships available.

There are around 24 capesizes waiting to berth outside China’s iron ore ports, with delays averaging between five and six days, according to the latest figures from London broker Simpson Spence & Young.
There are a round 80 capesizes...

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