30/03/2015at 15:16

The price of iron ore hits lowest level since 2007

There are no bright spots in the global dry bulk industry right now. Weak Chinese demand for iron ore is contributing to maintaining extremely low rates for the large Capesize vessels.

BY OLE ANDERSEN

The price of seaborne iron ore has hit USD 53 per ton or the lowest level since 2007. The question is whether the price can get any lower in a market impacted by low demand.

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