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