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22 November 2008 The on-line newspaper devoted to the world of transports 17:28 GMT+1



August 1, 2005

Shipping rates for commodities decline to a record 28%

JULY 31: The cost of shipping commodities such as iron ore and coal dropped a record 28%, reaching its lowest since March 2003, because of this year’s expansion in the global fleet of dry-bulk ships.

"There’s just simply over-tonnage on almost all benchmark routes," said Aarti Gupta, an analyst in Delhi for London-based Drewry Shipping Consultants Ltd. "I expect the market to continue to fall next month and then start to recover around the middle of September." ......
Read more on The Financial Express





ITAL-PRO-RA.MAR. Fortune International Trasport Autorità Portuale di Taranto


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