Shipping rates firm but expected to stay low
Published: Thursday, 03 March 2011
Indian iron duty lifts rates, but Moody’s forecasts low dry bulk rates until 2013
Dry bulk shipping rates firmed this week on China having to
import iron ore from further afield than neighbouring
However, ratings agency Moodys forecast rates to stay
low until at least 2013 due to the large number of vessels
expected to hit the market over the next 24 months....