Asia Dry Bulk: Capesize Rates Could Fall Next Week

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Freight prices for Capesize completely dry cargo ships on crucial Asian routes might go down following week as charterers hold back cargo, although higher costs of fuel and also iron ore might sustain existing rates, brokers said. Iron ore and coal are staple cargoes for 180,000-deadweight heap Capesize and smaller Panamax ships. “It seems to be a war …