Chinese 370

China's Growth Creates a Boom for Cargo Ships: China's Growth Creates a Boom for Cargo Ships by KEITH BRADSHER:

Shipowners and operators essentially measure their living by the tons of cargo they haul multiplied by the miles they carry it. By providing big cargoes that have to travel long distances, China offers a bonanza of ton-miles, as this measure is known, keeping ships so busy around the world that for some kinds of vessels on some routes, daily charter rates have tripled in the last year.

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