May
7

Bulk Carrier Freight Rates to Triple?

BY PAUL SHERWOOD  |  POSTED IN MARITIME NEWS
Copyright 2013 Bloomberg. (Bloomberg) — Rates for ships carrying minerals and grains will climb almost threefold by 2015 as demand for the vessels expands at a faster pace than supply, according to RS Platou Markets AS, an Oslo-based investment bank. Earnings for the largest Capesize ships carrying about 90 percent of traded iron ore will gain 16 percent to average $11,000 a day i...
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