Freight rates feel increasing impact of Chinese steel

By Mike O'Driscoll
Published: Monday, 22 November 2010

Iron ore, coal, and Chinese steel dominate market while congestion still an issue

Dry bulk shipping rates returned to pre-boom (2007-08) levels this year, dominated by the demand structure of iron ore and coal, according to Nicole Schneider, freight trader at Cargill.

Cargill estimated that iron ore and coal, as a share of the total 2010 dry bulk market, accounted for 32% and...

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