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A quarter billion tons of iron ore into the bulk market

The biggest mining companies have expansions planned in 2014 and during the next couple of years, and these expansions will inject several hundred million extra tons of iron ore into the market. Good news, says Norden.

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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