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"The daily rental rates for big ships have dropped $234,000 to $7,340 in weeks"

Posted by polymath22 1300 days ago (http://www.telegraph.co.uk)
Category: Economy | Tags: cargo freigh price shipping slowdown
The daily rental rates for Capesize big ships have dropped $234,000 to $7,340 in weeks, leaving operators stuck with heavy losses on long leases. Empty ships are now crowding Singapore and other global ports.
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