Cotton & Western Mining Inc. (CWRN)

[masscommuter]

Shipping rates to fall 20% for iron ore: http://www.bloomberg.com/news/2011-04-13/iron-ore-freight-accords-may-fall-as-much-as-20-fearnley-says.html
" . . so far this quarter the spot rate for capesizes, the price that’s used to settle the derivatives,
has averaged $8,647 a day and fell 2.7 percent today to $7,189 a day . . .
The transportation capacity of the capesize fleet will expand 17 percent this year to
247.1 million deadweight tons, while trade in iron ore will swell 7 percent."