Freight rates are poised to rise after tumbling to a two-year low as owners of ships hauling coal and iron ore scrap the most vessels in at least 28 years. A total of 38 capesizes, carriers three times the size of the Statue of Liberty, will be demolished this year, according to Clarkson Plc, the world’s biggest shipbroker.
Green Marine
about 15 years ago
Shipping Rates Seen Bottoming on Demolitions: Freight Markets
Freight rates are poised to rise after tumbling to a two-year low as owners of ships hauling coal and iron ore scrap the most vessels in at least 28 years. A total of 38 capesizes, carriers three times the size of the Statue of Liberty, will be demolished this year, according to Clarkson Plc, the [&
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