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Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel
Owners anchoring ships rather than fix at low rates. W. Australia-China capesize rates hit over two-month low.
Freight rates for large capesize dry cargo ships
USA-Monaco based bulk carrier Scorpio Bulkers has reported a loss of $24.7 million in its second quarter of 2016, pushing the carrier's deficit up to $ 83 million.