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10 December 2019 The on-line newspaper devoted to the world of transports 09:54 GMT+1

October 20, 2004

High and dry in shipping shortage

Nigel Wilson

THE commodities boom in China has a flipside that is beginning to worry Australian shippers.
In the past year, time charter rates for Cape-sized vessels (100,000 tonnes) have risen from about $US15,000 a day to between $60,000 and $70,000.

And it's not only the bulk commodity sector that's affected ......
Read more on The Australian

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