Shipping slightly soft on vessel supply balance

Published: Thursday, 09 December 2010

Dry bulk transport costs dip as more iron demand nearly compensates for ship glut

Shipping costs for transporting dry bulk were soft this week, with the anticipated glut of vessels nearly balancing an expected increase in Chinese iron ore demand next year.

Despite falling rates, Chinese coal demand also increased, providing some support and not allowing the benchmark index to slide too far.


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