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Shipping Rates Drop as China Hydro Power Cuts Coal Need

Friday, August 1, 2014  
Posted by: Alisa Allen
Record production of hydropower from China’s Three Gorges and newer dams is displacing so much coal that rates to transport it have plunged to about record lows, roiling the shipping market.

http://www.bloomberg.com/news/2014-07-31/shipping-rates-suffer-as-china-hydro-curbs-coal-imports-freight.html

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