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In a rising market,what price cancellation?

AS THE demand for raw materials gathers pace and breathes life into a market all but annihilated at this time of year, owners and charterers can look forward to some equilibrium returning to their respective bargaining positions after two years of feast and famine. There is still some way to go. The delivery of newbuildings may need to be stalled for a time yet, but the cargoes are on their way back.

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