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Latest From Capes
The capesize vessel was en route to Qingdao from Guaiba Island terminal in Brazil when the incident took place and is understood to be fully loaded with iron ore
Brazilian iron ore volumes, while recovering, are still below last year's levels, according to BIMCO
The increase in rates could spur interest among owners to lock in gains by chartering their capes and panamaxes for longer periods of time, said one broker
South Korea’s Kmarin is said to be the shipmanager of the VLOCs backed by Vale’s COAs
BHP estimates IMO 2020 to add between $1–$2 a tonne to Western Australia–China freight and $3–$4per tonne to Brazil–China
Capesize segment bustles on iron ore trade, while panamaxes are enjoying their run mostly from split stems from the capesize market
Precious Shipping managing director Khalid Hashim claims that if recycling does not accelerate then the Baltic Dry Index will continue to fluctuate sharply, solely dependent on what the demand side does
The bullish sentiment in the capesize sector has reverberated to smaller vessel segments
China is drawing down iron ore inventories at a record pace to levels last seen around 2017, according to analysts
The Cape Taweelah arrived at Port Khalifa on June 23 having loaded the cargo at Kamsar in Guinea at the end of May, Lloyd's List Intelligence data shows
The average weighted time charter on the Baltic Exchange has hit more than $15,000 per day for the first time since January 21
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