Why ship storage may be the new weapon in the ore market
by
Julian Macqueen, London
—
last modified
Feb 15, 2010 10:06 AM
VOLATILE pricing is a feature of the current commodities market that is set to remain for some time to come.
Late last year, DVB’s Peter Illingworth pointed out how see-sawing prices in the oil market, combined with rates close to or below vessel operating costs, could affect the tanker market.
Up to 30 VLCCs and 100 products tankers were being...
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