134 capes stuck in ports worldwide

London: Simpson, Spence and Young, the London shipbrokerage, reported yesterday that the number of capsizes waiting to berth at coal and iron ore load ports in Australia in addition to iron ore ports in Brazil and China has risen this week to 134, the highest since late July. There are an estimated 48 capesizes waiting to discharge at Chinese iron ore ports and 32 capes waiting to load at Brazil's iron ore terminals.  [11/12/09]