Shipping Index Soars as China Iron Ore Buying Seen Curbing FleetBy and
Rates for Brazil-to-China jump most on record on lack of ships
Surge results in biggest 2-day Baltic Dry rally Since 2009
A measure of shipping costs for commodities had its biggest two-day gain in almost seven years amid speculation Chinese iron ore purchasing is eroding the supply of vessels to collect the raw material from Brazil.
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