Capesizes retreat on fears of souring China-Australia relations
Capesize rates have begun to fall, although they are still higher than where they would normally be at this time of year. The slide can be attributed to fears of an increasingly sour outlook between the two trading giants
Freight rate slide prompted by a dip in the forward market could just be a temporary blip in an otherwise strong setting. Iron ore will be more supportive in the coming quarter with higher volumes expected
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