China Capesize Bookings Rose 20% Last Month, Clarkson Data Show
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Bookings for capesize vessels to deliver cargoes to China rose 20 percent last month, according to figures from a unit of the world’s biggest shipbroker.
Raw-materials producers and traders hired 65 such vessels to make shipments to China, compared with 54 in December, data from Clarkson Research Services Ltd. showed. Capesizes typically haul coal and iron ore to make steel. China is the world’s biggest steel producer.