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FREIGHT REPORT: Iron ore rates slump further in biggest decline since 2009

January 31, 2012 - 11:24 GMT Location: London

KEYWORDS: iron ore , freight. rates , ferrous , cargo. dry bulk , slump , prices

Chartering rates for Capesize vessels carrying iron ore on the main freight routes to China edged down on Tuesday January 31, reflecting the continuing slump in global freight prices, brokerage firm Clarkson Securities told Metal Bulletin.

Australia-China (Port Hedland/Dampier-Qingdao) Capesize: $8.25 India-China (Paradip-Vizag-Qingdao) Supramax: $11.78 Brazil-China (Tubarão-Qingdao) Capesize: $19.25 Chartering rates for Capesize vessels carrying iron ore on the main freight routes to China edged down on Tuesday January 31, reflecting the continuing slump in global freight prices, brokerage firm Clarkson Securities told Metal Bulletin....

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