Shipping costs dip

SINGAPORE (Reuters) — A slide in marine fuel prices to six-year lows should slash global shipping costs, now struggling to recover from its worst downturn in decades.

This means that just when a slower Chinese economy is dragging down international trade, an increase in the speed and number of ships on some routes could force cargo rates lower still.

While an oversupply of capacity shows a lag in international trade, it could offer better rates for shipping of agricultural commodities.

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