SINGAPORE Dec 4 (Reuters) - Rates for capesize bulk carriers on key Asian routes, which set new lows for the year on Wednesday, are set to continue their decline next week as too much tonnage chases too few cargoes, brokers said. \"It\'s a pretty dire market at the moment,\" said one Singapore-based capesize broker on Thursday. \"I can\'t remember rates being this low for a long time.\"
Rio Tinto is the only one of the big miners actively chartering ships, the broker said, and even if other miners such as Brazil\'s Vale SA too some charters, \"it would not make a dent in the tonnage available. Rio Tinto chartered two capesize vessels