Shipping rates firm as Japan restarts steel mills

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Published: Thursday, 24 March 2011

Dry bulk rebounds as Japanese industries restart operations, Germany buys more coal

Shipping rates for dry bulk commodities recovered slightly this week, with Japanese industries showing signs of restarting operations and consuming more iron ore, coal and other industrial minerals.

Market sentiment was also bullish after Germany shut seven nuclear power plants in light of the reactor problems in quake-hit Japan, with...

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