Capesize owners and dry-bulk spot market players face being “greatly marginalised” in iron ore trades when a plethora of bulker newbuilding behemoths flood the market.
Vale in particular is changing the dry-bulk landscape with its ‘chinamax’ ships set to create a “dedicated pipe line” for iron ore between Brazil and China which could squeeze others out of the market, according to a report from a top bank.
The
