The cost of shipping coal and iron ore is about to decline as the supply of cargo vessels overwhelms demand. Japan, China and South Korea will produce so many vessels that shipping costs, now at an all-time high, will fall 40% by 2010, according to futures contracts traded privately among banks, transportation companies and hedge funds.
News
about 19 years ago
China shipbuilding frenzy to cut freight costs by 40%
The cost of shipping coal and iron ore is about to decline as the supply of cargo vessels overwhelms demand. Japan, China and South Korea will produce so many vessels that shipping costs, now at an all-time high, will fall 40% by 2010, according to futures contracts traded privately among banks, tra
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