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.
Even as it continues a protracted legal fight to obtain access to the existing rail facilities of Pilbara rivals BHP Billiton and Rio Tinto, Fortescue Metals Group has opened up its own network to other miners.
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