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Commodity carriers face an even more painful year ahead

Only the fittest seen surviving the worsening storm of weak demand, overcapacity

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The Baltic Exchange's main sea freight index for ships carrying dry bulk commodities plunged to an all-time low this month.

London

SHIPPING companies that transport commodities such as coal, iron ore and grain face a painful year ahead, with only the strongest expected to weather a deepening crisis caused by tepid demand and a surplus of vessels for hire.

The predicament facing firms that ship...

sentifi.com

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