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Tuesday, March 19, 2024

Iron-Ore Ship Rents Fall

Maritime Activity Reports, Inc.

May 12, 2011

According to a report from Bloomberg, rents for capesize ships that haul iron ore fell the most in a month on excess vessel supplies. Hire rates fell 5.4% to $6,359 on May 10, data from the Baltic Exchange in London show. That’s the biggest decline since April 8 and leaves rates 86 percent lower than a year ago. 
 
(Source: Bloomberg)

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