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BDI rises as Australia’s cyclone Rusty passes

Published: Thursday, 28 February 2013

Shipping rates firm as Australia’s ports look to open after bad weather

By Wayne Yamada

Dry bulk industrial mineral shipping rates firmed this week after the worst of Australia’s cyclone Rusty passed the country’s main iron ore export ports, although there was still some risk of flooding in mining areas.

The shipping market was also optimistic on Chinese...

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