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ARROW SHIPBROKING GROUP
Grimy ships for iron ore are now being used to carry food crops to AsiaChina’s downturn in the housing market has weighed on iron ore, driving freight rates for bulk carriers down 50% from a year earlier.
Empty iron ore ships switch to coal to survive China’s slumpMiners and traders are slashing shipments of iron ore, the second-most widely traded seaborne commodity, and re-assigning their bulk carrie...
The world’s shippers are earning the most money since 2008With the merchant fleet hauling about 80% of world trade, the surge reaches into every corner of the economy. The boom back in 2008 brought...