London: November 19 has been set as the date for crunch talks among top bulk owners and charterers to try and stave off further disaster in this credit crunched sector. The emergency event will be hosted by the Baltic Exchange. More than 50 companies have already signed up.
Capesize charter rates continue to plummet - now below $4,500, far less than the $12,000 breakeven rate. [11/11/08]
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