Subscribe to RSS feedCapesize rates leap in biggest gain in months
by
Liz McCarthy, London
—
last modified
May 17, 2010 10:28 AM
RATES for capesize bulk carriers shipping Brazilian iron ore to China recorded their largest gain in nine months with prices jumping US$11,000.
A lack of ships available to cover cargoes in the Atlantic gave owners the opportunity to push daily earnings up substantially to US$59,000 per day for trips out to the Asia.
“Having seen how the market flew through the roof...
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