Bulk

Morgan Stanley: Chinese demand boosts bulk rates by 33 percent

Rates for the major capesize vessels soar on sizeable Chinese demand and a significant surge in Brazilian iron ore exports.
Photo: Songa Bulk
Photo: Songa Bulk
by OLE ANDERSEN

Large Chinese demand for iron ore and a surge in Brazil's export of iron ore last week sent rates for the major capesize vessels, the workhorses of the dry bulk sector, up 33 percent.

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