Author: Rubal Saini

Global iron ore freight rates turned weaker, with rising vessel availability and softer chartering activity weighing on Capesize rates across key routes. The BDI fell 7% w-o-w, led by a 12% decline in the Capesize index, while Supramax rates remained comparatively resilient on steady Indian iron ore enquiries. Softer Chinese iron ore futures and cautious…