Ship Costs in China Surge to 16-Month High in Sign Imports Gain
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The cost of hauling iron ore and coal along China’s coast rose to a 16-month high, adding to signs the nation’s demand is strengthening for the two commodities that generate the most demand for dry-bulk shipping.
The China Coastal Bulk Freight Index, a measure of commodity transporting rates between the nation’s ports, advanced to 1,141.17 points on Sept. 13, a seventh weekly gain, according to data from the Shanghai Shipping Exchange. The measure has advanced 8.2 percent since the start of the year.