Dry bulk rates ease as China relies less on iron ore imports

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Published: Thursday, 16 December 2010

Benchmark shipping costs fall, but some upside in early 2011 on bull iron prices

Dry bulk shipping rates eased this week, with China reducing the need for imported iron ore, which means more vessels would be available for other dry bulk minerals such as bauxite, potash and gypsum.

But rates were given some support, with expected bullishness in iron ore prices indicating market tightness...

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