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30 November 2015 The on-line newspaper devoted to the world of transports 23:27 GMT+1

February 22, 2001

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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