Brokers warn capesize rates rise may be a false dawn

Keith Wallis Singapore - Monday 15 December 2008

WITH capesize owners at last being able to celebrate charter rates rising to cover operating costs, brokers cautioned that this “glimmer of hope” could be a false dawn, writes Keith Wallis.

“More cargoes have been fixed for loading over the Christmas and New Year period. But Chinese New Year is early, with the Year of the Ox begi...

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