Commodity Shipping Costs Fall 99.95% After Virus Slams Market

Outbreak in China may hurt demand for vessels hauling iron ore
Brazil’s Vale says that its port operations remain normal

Operations at a Nantong Cereals & Oils Transfer Co. Port Facility — Photographer: Qilai Shen/Bloomberg

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Before it’s here, it’s on the Bloomberg Terminal

By Krystal Chia

January 31, 2020 at 2:19 AM EST

Updated on

January 31, 2020 at 1:53 PM EST

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The coronavirus crisis in China has hammered many markets this month. None may have felt a bigger impact than freight.

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Before it’s here, it’s on the Bloomberg Terminal