(Bloomberg) -- Freight rates to transport coal, iron
ore and other dry goods in bulk may extend gains for at least
another two years, boosted by global demand and port congestion,
Credit Suisse said in a report.
``We think this upcycle will run harder and longer than
previous ones, helped by strong demand and supply constraints at
the shipyards, until 2009,'' Credit Suisse said in an Aug. 3
report. ``At the earliest, oversupply could happen in the second
half of 2009.''
Read more at Bloomberg Energy News
ore and other dry goods in bulk may extend gains for at least
another two years, boosted by global demand and port congestion,
Credit Suisse said in a report.
``We think this upcycle will run harder and longer than
previous ones, helped by strong demand and supply constraints at
the shipyards, until 2009,'' Credit Suisse said in an Aug. 3
report. ``At the earliest, oversupply could happen in the second
half of 2009.''
Read more at Bloomberg Energy News
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