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Monday, November 30, 2020

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  • Far East Maritime (2) (X)

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Carriers warn Vale's big bulkers will dampen rates

Posted to Far East Maritime (by Greg Knowler) on December 9, 2010

The dry bulk shipping business is going through a tough time. It is an incredible 80 percent down on the market peak in May 2008, and rates have led carrier operators on a wild and volatile ride ever since. The industry is currently oversupplied with bulk carriers…

Adding China port capacity comes down to a semi-educated guess

Posted to Far East Maritime (by Greg Knowler) on December 9, 2009

The most difficult part of running a port or shipping line in an economic downturn is the unpredictability of demand. Throw in oil price and currency volatility and any market forecasting may as well be left to Madame Zedora and her crystal ball.