Shipping rates ease ahead of Christmas break

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Published: Thursday, 22 December 2011

Dry bulk falls as activity tails off before the extended holiday season, rates could stay low

Sea-borne rates for transporting dry bulk industrial minerals fell this week with the market subdued in anticipation of the Christmas and New Year break. 

 

Meanwhile, the outlook from major steel makers – which consume the majority of dry bulk raw materials – indicated that rates could languish into...

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