01/09/2014at 11:46

Price war on iron ore could hit shipping

It looks like a price war has erupted among iron ore producers, and this could impact shipping on the short term, according to Platou.

BY KATRINE GRØNVALD RAUN

Lower prices on iron ore will likely reduce freight activity going forward, says Platou in an analysis. Late last week the spot price on iron ore decreased to USD 87 per ton, the lowest level since 2009.

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