Thanks cuzo,I was told a similar story from my BHP mate, but...

Thanks cuzo,

I was told a similar story from my BHP mate, but couldn't find your stories to support it.

However, he also told me that Vale have also very greatly improved their shipping facilities and removed ALOT of bottlenecks from their operations. Previously, Vale booked a lot of time of capesize and the bigger ships, since

A) their operations were slow and this made the big ships wait longer. Ship owners didn't care cause they get paid the same rate/day weather they are sitting waiting to get filled or moving.

And B)Since the trip from brazil to Asia is so far the ships take a lot of time doing a return trip.

So now that Vale have massive improvements in their shipping logistics, this is freeing up excess big boats and hence BDI is down.

Generally speaking BHPB, RIO and Vale are all shipping IO as fast as possible still, and pretty much don't have a tonne spare.

I hope my blatherings make sense.

choice.