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Mitsui O.S.K. Lines: Seasonality to Keep Capesize Dry Bulk Rates Down During the First Quarter

The following is a summary of business conditions including revenue and ordinary profit/loss per business segment. (A)Dry Bulk Business The Capesize bulker market rates remained firm in October and November, due to steady iron ore shipments from Western Australia and Brazil as well as strong bauxite shipments from West Africa. However, in December, iron ore …