Capesize, Panamax rates falling
NewsShipowners have found stable dry bulk markets with narrow spot rate ranges and low scrapping, but recent trends show Capesize and Panamax rates falling.
South African mining giant Kumba Resources haas announced that it plans to export iron ore through the planned new port of Ngqura at the Coega Industrial Development Zone. The company hopes to increase production in the Northern Cape because of rising global demand and prices.
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