Looks like lower oil price will benefit SDL if we ship our products to China
....The cost of freight for capesize vessels from Brazil to China has dropped below $10 a wet metric ton for the first time since January 2009, compared with about $5 a ton for Australia to China, Macquarie Group Ltd. analysts said in a Jan. 9 note. Vale can now ship a ton of iron ore to China cheaper than BHP “for the first time in many years” and is close to challenging Rio as the lowest cost supplier, Macquarie said...
http://www.bloomberg.com/news/2015-01-12/vale-s-leapfrogs-rio-bhp-as-cheapest-iron-ore-shipper.html
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