Just counted 15 ships waiting their turn to load iron ore here in the anchorage at Port Hedland. This time last week there were 12 ships waiting. All berths are full and loading ships. They cant get the ore into the ships quick enough to keep up the demand!
However does that mean that because the Dow has had a bit of a rough time those ships will pull up anchor and scamper back to China?
Hardly likely!!
brokers back on the phone, page-8
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