And just as proof of the absurdity gripping the markets and...

And just as proof of the absurdity gripping the markets and especially the media over Iron Ore.

The seaborne market to China is about 600mtpa, of which 10% is spot... which equates to 170kt per day... the average cape size vessel carries about 170kt of ore. A magnificent 1 trade per day. And we are doomed because, maybe 10 or so deals have been done under $120...