While the dry bulk market is scanning the horizon for the expected recovery that failed to take off in early 2014, there are good news from the major iron ore mines that traditionally supply a significant part of the cargo on the dry bulk market.
The capacity expansions announced by the mining companies in recent years are expected to take effect already by mid-2014 and during the next couple of years. This will result in the launch of extra production, and these volumes will naturally need to be transported to the customers - not least China - who need the commodities.
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