Tag: Bulk Shipping Freight Rates
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Capesize, Panamax Vessel Freight Rates Improve Slightly on Increasing Shipments to China
The recent spurt in coal and iron ore shipments to China has slightly improved cargo freight rates for capesize and panamax vessels. Recently, imports of coking coal and iron ore have increased in China due to rising steel production there. This has improved demand for capesize and panamax vessels along the key Asian routes. Freight…