Dry bulk iron ore freight rates hold firm w-o-w in Pacific; Atlantic market softens

Iron ore freights presented a mixed picture this week – Australian routes ticked up on improved Pacific sentiment, Atlantic softened on weaker long-haul activity, while the Indian route held steady on balanced supply-demand conditions.

• Paradip-Qingdao: Rates were stable w-o-w at $11.30/dmt
• Hedland-Qingdao: Freights were at $12.10/dmt (+$0.11/dmt)
• Tubarao-Qingdao: Rates were assessed at $24.40/dmt (-$0.75/dmt)
• Saldanha Bay-Qingdao: Freights stood at $19.80/dmt (-$0.26/dmt)