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Dry Bulk Freight rates Brazil

Vale cuts quarterly production because of heavy rainfall

Vale lowers its forecast for the first quarter of 2020 after its operations were adversely affected by heavy rains. The lack of a substantial amount of Brazilian cargoes is still putting great pressure on average earnings for the capesize sector

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Despite rains affecting the January-March iron ore projections, Vale maintained its full-year production guidance of 340m to 355m tonnes

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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