Hike in capacity set to depress rates this year
[PERTH] Global shipping rates are set to slump this year as owners
take delivery of new vessels, reducing the cost of shipping commodities
such as iron ore and coal, an official from BHP Ltd said.
The fleet of Cape-size ships, which carry as much as 200,000 dry
weight tonnes, is set to increase by 6 per cent, while the number
of Panamax vessels that hold
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