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Largest merchant fleet owner scrapping up to 18% of ore carriers as rates sink 98%

Frik Els | June 17, 2012 | 5:39 pm Iron Ore 

Mitsui owns the world's largest merchant fleet and Bloomberg reported Saturday the Japanese company has announced it could scrap as much as 18% of its 110 Capesize vessels or place them into so-called "cold lay up" which is the shipping...

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