Saturday, January 16, 2016

Shipping industry fact of the day

As the Baltic Dry Index hits historic lows, this spells more trouble ahead,
Owners of so-called capesize vessels (the largest type) reckon it costs $8,000 a day to run these ships at sea; however, shipping costs for users are so low that they only receive $5,000 in fees.
And this with fuel price declining continuously!

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