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Stronger demand drives upturn in shipping prices

STRENGTHENING demand for iron ore has seen the cost of hiring capesize vessels jump 20% this week...

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Stronger demand drives upturn in shipping prices

The three-day advance of 20% is the biggest since August while the Baltic Dry Index, which also includes other commodity ship sizes, rose 2.7% to 2639 points. Dahlman Rose & Co in New York told Bloomberg...

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