AEV 0.00% 0.9¢ avenira limited

spot sea freight rates drop 90%

  1. 2,142 Posts.
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    According too OZL ann today sopt sea freight rates have dropped 90% -

    "Freight rates have continued to decline on the back of lower demand and an easing in oil prices. Spot sea freight rates fallen around 90% since peaking in May"

    This should help buyers of RP worldwide, allowing them to maintain buying at Morocco's higher price.

    http://newsstore.fairfax.com.au/apps/previewDocument.ac?sy=age&ss=AGE&docID=GCA00922695OZL&backTo%3Dhttp%3A%2F%2Fmarkets.theage.com.au%2Fapps%2Fqt%2Fquote.ac%3Fsection%3Dsummary%26submit%3D%26code%3Dozl&f=pdf
 
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