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Rates for iron ore-laden ships seen jumping 70% by June

Tuesday, May 13, 2014 - 06:00

London THERE'S so much cheap iron ore flooding into China that rates for the ships that carry it are forecast to jump almost 70 per cent by June, even as the world's second-biggest economy grows at the slowest rate in 24 years. Bookings of Capesize vessels, most of which haul the steelmaking

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