Tag: Bulk Shipping Freight Rate
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Low Demand Keeps Bulk Freight Rates Stable
Weak demand and availability of excess shipping vessels have kept bulk shipping freight rates stable. Low demand for commodities has persisted due to slowdown in the major global economies dealing in commodities. Current freight rates (panamax) 1. Australia to India: USD 6.15/MT 2. US to India: USD 14.25/MT On the other hand, freight rates have…