Fewer orders of new vessels support dry bulk shipping outlook, says an article on Reuters.
Demand for commodities acceleratesA lack of orders for new ships is providing further support to the dry bulk freight market as demand for commodities accelerates, a senior executive at U.S. agribusiness giant Cargill said.
The Baltic Exchange’s main sea freight index, which gauges the cost of shipping commodities such as grain, iron ore, cement, coal, and fertilizer, has rallied close to an 11-year high...
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