The cost of shipping commodities by sea is likely to increase over the coming two years, according to shipping consultancy Drewry. A slowdown in shipping supply growth and increased iron ore volumes from Brazil should keep the market tight over the coming months, it adds.
“Average charter rates are expected to rise from $8,000 per day in 2016 to $12,800 per day level in 2017 and will further improve from 2018,” according to Drewry dry bulk lead analy…
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