Strong iron ore trade increases rates on large bulk vessels
Rates on large dry bulk vessels have surged following a stronger iron ore trade in May. On the other hand, the market is tougher for smaller segments, according to shipbroker.
Last week, rates on large dry bulk vessels increased by 15 percent thanks to a stronger iron ore export in Brazil, which has targeted China in particular, show analyses by Allied Shipbroking and investment bank Cleaves Securities.
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