(Bloomberg) -- The cost of shipping coal and iron ore is about to decline as the supply of cargo vessels overwhelms demand.
Japan, China and South Korea will produce so many vessels that shipping costs, now at an all-time high, will fall 40 percent by 2010, according to futures contracts traded privately between banks, transportation companies and hedge funds. The decline would hurt Antwerp-based Compagnie Maritime Belge SA, the world's largest commodities-shipping line, and Golden Ocean Group Ltd., run by Norwegian billionaire John Fredriksen.
Read more at Bloomberg Emerging Markets News
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