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Oversupply is causing bulk shipping rates to remain weak despite China's growing demand.
Commodities

Dry bulk shipping rates flounder despite rising Chinese imports

Ample capacity, resource companies keeping lid on prices

HIDETO MOTOIKE, Nikkei staff writer | China

TOKYO -- Shipping prices of commodities are showing no signs of rising despite growing imports of iron ore, coal and soybeans by China, which has a huge influence on the global shipping market.

A steady stream of new vessels is keeping capacity up, preventing prices from taking off. 

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