Business, Logistics

Rising Cargo Rates, Bargain Prices Lift Secondhand Ship Sales From the Shallows

Sales of secondhand ships used to haul commodities such as iron ore, coal, grain and fertilizer have hit a seven-year high in 2016 as the industry creeps out of an eight-year downturn that has sunk several fleets of shippers.

Keith Wallis | Reuters
November 30, 2016