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    iron investing

    Shipping Rates Boosted by Rebuilding in Japan, Lorentzen Says

    Investing News Network
    Aug. 26, 2011 12:08PM PST
    Base Metals Investing

    Bloomberg reports increased imports of iron ore and coal to Japan are boosting shipping rates for dry-bulk vessels.

    Bloomberg reports increased imports of iron ore and coal to Japan are boosting shipping rates for dry-bulk vessels.

    The market news is quoted as saying,

    Hire costs for capesize vessels that move iron ore and coal gained 26 percent since July 1, according to the London-based Baltic Exchange. The exchange provides shipping costs on more than 50 maritime routes.

    For the complete market news, click here.

    iron investing
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