West Africa now drives one in seven cape cargoes
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West Africa now drives one in seven cape cargoes
West Africa now represents 14% of capesize liftings as compared to 6% three years ago, according to new data from Jefferies, an investment bank. The redrawing of the global cape trading map has been driven by strong bauxite export growth, mainly out of Guinea. Cape volumes out of West Africa are up 31% this year, …
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