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Dry Bulk Capes International

Capesizes drop a further 10% in one day

Slide in the capesize market continues due to China’s slowdown and an expectation of lower iron ore shipments than originally anticipated

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Spot daily rates are heading towards the $50,000 mark for the first time since September 10, which is 20% lower than a week ago. But, despite lower iron ore shipments, tonnage remains tight

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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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