Coronavirus Hammers Bulk Shipping
By Bloomberg on Jan 31, 2020 12:19 pm
dry bulk vessel
(Bloomberg) — The coronavirus crisis in China has hammered many markets this month. None may have felt a bigger impact than freight. Rates for giant Capesize ships, typically used to carry raw materials such as iron ore, plunged 90% from a September peak to less than $4,000 a day based on an index that tracks their earnings. A wider […]
Read full story...