Tag: Bulk Shipping Market
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Stability in Bulk Freight Rates Continues on Low Demand
Bulk shipping freight rates have not undergone any notable deviation as demand continues to be weak. Slowdown in the major global economies has reduced demand for commodities, leading to stability in shipping freight rates. Current freight rates (panamax): 1) Australia to India: USD 6.15/MT 2) US to India: USD 14.25/MT Crude oil prices, remaining low,…