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CAPESIZE rates have plunged into a dark abyss, with little prospect of climbing back into the bright light until China agrees new iron ore prices with the major producers in the coming months, brokers have said.
RATES for panamax bulk carriers trading within the Atlantic region fell for the first time in four weeks as chartering inquiry slowed and concerns about the negative capesize market dampened sentiment.
PANAMAX owners trading in the Atlantic region can expect rates to slide over the next couple of weeks, with cargo inquiry poised to fall after last week’s rate correction, <em>writes Liz McCarthy</em> .
EITZEN Bulk and Dampskibsselskabet Orion in Copenhagen have agreed to merge. The two divisions are majority-controlled by the Oslo-based Camillo Eitzen Group, which sees a merged entity as providing a platform for growth but also facilitating a potential merger with Indonesia’s BLT Group.
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