fbpx
Tuesday, September 22nd, 2020
Home » Tag Archives: Bulk shipping hurt by coronavirus

Tag Archives: Bulk shipping hurt by coronavirus

Coronavirus Hammers Bulk Shipping

Iron ore bulk carrier being loaded

Bloomberg, January 31, 2020 (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 Baltic …

Read More »