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Brokers: No rate improvement for Capesize ships

Although several shipowners are opting to pull large Capesize vessels off the market, brokers report that this has had zero effect on the low rates, according to Reuters.

Photo: Star Bulk

The big Capesize vessels of 180,000 dwt do not seem to be escaping the lowest rates in six years over the last two months, in spite of the fact that several shipowners, according to brokers, have begun to pull vessels off the market, reports Reuters.

"There are six or seven ships we know about," a Singapore-based broker told Reuters and added that iron ore companies such as Rio Tinto and BHP Billiton are continuing to charter vessels - just fewer of them.

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