Iron ore freights declined w-o-w on 23 Dec, with rates easing across key Pacific routes amid distress deals, fewer fixtures than the previous week, softer FFA levels and Baltic indices, lower bunker prices, and muted cargo demand.
- Paradip-Qingdao: Rates stood at $10.60/dmt w-o-w (-$0.4/dmt)
- Hedland-Qingdao: Freights were at $9.9/dmt (-$0.7/dmt)
- Tubarao-Qingdao: Rates were assessed at $23.69/dmt (+$1.69/dmt)
- Saldanha Bay-Qingdao: Freights stood at $17.32/dmt (-$0.02/dmt)
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