Subscribe to RSS feedFears for capesize rates as China ore imports slip
by
Michelle Wiese Bockmann, London
—
last modified
Jul 02, 2010 03:18 PM
CONCERNS have emerged that Chinese iron ore consumption is slowing and imports may even fall below 2009 levels, which would significantly hit spot rates for the fleet of over 1000 capesize vessels.
May import volumes dropped to 51.9m tonnes, down 2.9% on the same period last year, according to Chinese customs data, taking average monthly volumes in 2010 to 52.4m tonnes, brokers said last week.
That compared with average monthly volumes of...
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