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Bloomberg reported that rates for coal carriers are set to rise significantly.
Bloomberg reported that rates for coal carriers are set to rise significantly.
The market news is quoted as saying:
Forward freight agreements, traded by brokers and used to hedge or bet on future transport costs, will rise to $22,000 a day for the fourth quarter, from $14,200 today, said Philippe van den Abeele, the managing director of Castalia Fund Management (U.K.) Ltd.
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