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A surplus of vessels, not a contracting economy, is expected to push leasing rates for capesizes...

A surplus of vessels, not a contracting economy, is expected to push leasing rates for capesizes to the lowest since 2002. The ships, which carry iron ore and coal, are leaving yards by the dozens, the result of building started in 2007/08 when rates were 5 to 10 times higher. (SEA) -0.48%.
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