NEW YORK ( TheStreet) -- Dry-bulk shipping rates continued their long march lower Monday, as a glut of new ships and weak bookings weighed on the industry, with no end in sight.According to the Baltic Exchange, the London ship broker that tracks shipping rates on the spot market, the average fee for a capesize vessel (the largest dry-cargo freighters in existence) has fallen to a little less than $8,700 a day.
Dry Bulk Shippers Continue Deep Slide
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