Subscribe to RSS feedOwners’ bonanza in Chinese coal shortage
by
Keith Wallis, Hong Kong
—
last modified
Jan 15, 2010 09:45 AM
WITH coal shortages starting to squeeze power supply in China and the country’s steel mills keen to secure iron ore stockpiles ahead of a new price agreement in April, capesize owners may have a bumper start to 2010.
This was despite the significant slide in rates seen in the middle of last week. Brokers said US$4 was shaved off per tonne rates for a spot charter from Brazil to China and rates for a voyage from Western Australia...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
