Global dry bulk rates ease on North Korea shelling

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Published: Tuesday, 30 November 2010

Shipping cost for minerals fall, but supported by Indian iron export ban

The cost for transporting dry bulk minerals by sea fell this week due to deadly North Korean shelling of a South Korean island unsettling markets in the region, and on falling long term commodity prices.

But shipping rates were given some support by India’s continued ban on iron ore exports,...

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