Subscribe to RSS feedAustralian ore cargoes point to rebound for cape rates this week
by
Keith Wallis, Hong Kong
—
last modified
Jun 07, 2010 01:59 PM
AFTER average spot rates declined 10.9% last week, fresh iron ore cargoes coming on to the market from Australia could lead to a rebound in capesize fortunes.
One Singapore-based broker quoted the lyrics from a popular English drinking song to explain the outlook for the 1026-ship capesize fleet: “There’s certainly a sense of ‘I get knocked down. But I get up again. You’re never going to keep...
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