Tag: Bulk Shipping Freight Rates
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Bulk Freight Rates Stay Unmoved in Absence of Incremental Demand
The bulk shipping freight rates have remained steady as there was no incremental demand to drive the rates higher. Demand is nevertheless strong, emanating from the shipment of coal and iron ore to China. As a result of the active steel making in China, imports of Coking Coal and iron ore have increased there, causing…