Category: Logistic
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Dry bulk iron ore freight market sees divergence across basins; outlook remains uncertain
Supramax remained firm, supported by active cargo discussions Major miners concluding fixtures at relatively lower levels Dry bulk iron ore freight dynamics reflected a divergence between the Pacific and Atlantic basins. While Pacific rates softened amid miner-led pressure and ample vessel supply, Atlantic routes remained elevated due to longer-haul demand, geopolitical uncertainties, and sustained cargo…